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1068 National Hwy La Vale, MD 21502

Sponsored
For Sale
$600,000

8-Unit Apartment Building, High Traffic Location

Property size:
13,072 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional mixed-use property, located at 1068 National Highway in La Vale, Maryland, presents a compelling investment opportunity. The 13,072 square foot building, constructed in 1962, sits on a 0.91-acre lot (APN 0129003181) and offers a blend of commercial and residential space. Currently featuring eight units, including three vacant commercial spaces and three residential units, the property boasts significant potential for diverse uses. The existing tenants include businesses focused on outdoor sports, crafts, and dance. The building benefits from high visibility and traffic on National Highway, with ample paved parking for 22 vehicles. Its location is further enhanced by its proximity to a thriving commercial area, including banks, retail stores, medical facilities, and other service businesses. The property is zoned B and offers handicap accessibility. The asking price is $600,000, translating to $45.90 per square foot. This fee simple ownership opportunity is ideal for investors seeking a high-traffic location with diverse income streams and significant upside potential. The property's size and location make it an attractive option for a variety of commercial and residential uses. The listing term begins August 2nd, 2024.

Property Features for 1068 National Hwy

General Information

Property type
Multifamily properties
Square Feet
13,072 SF
Lot Size
39,640 SF

Building Details

Year Built
1962
Units
8

HighLights

  • 39,671 SF Lot Size
  • Lease Commencement Date: August 2, 2024
  • 20 Parking Spaces
Property Profile Location Intelligence

Current Use by Public Records

Moen James R ... Family Practice Physician Bassin' Box Sporting Goods Store Steppin' Out School ... Dance School Country Road Primitive ... Craft Store

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
La Vale
County
Allegany
State
Maryland
Longitude
-78.8273016
Latitude
39.6399416

FAQs

What type of property is this?
Multifamily property - 8-Unit Apartment Building, High Traffic Location
Where is this multifamily property located?
The property is located at 1068 National Hwy La Vale, MD.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 39,671 SF Lot Size; Lease Commencement Date: August 2, 2024; 20 Parking Spaces
More about this property
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