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    93 Arctic Ave La Vale, MD 21502

    Sponsored
    For Sale
    $350,000

    1.46-Acre Church, Ample Parking, $350K

    Property size:
    4,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,560 square foot special purpose property, located at Parcel 93 Arctic Ave in La Vale, Maryland, presents a unique investment opportunity. Currently operating as a church, this fee-simple property sits on a 1.46-acre lot and boasts 12 parking spaces. The building, constructed in 1983, features a main level and lower level, each approximately 2,280 square feet. The interior includes a functional kitchen, office space, and ample storage. The property is zoned residential but enjoys an exempt commercial religious use designation. This allows for flexibility in future use, potentially including residential conversion. The asking price is $350,000, translating to $76.75 per square foot. The property's prime location in the heart of La Vale, within Allegany County (zip code 21502), offers excellent accessibility. A significant advantage is the inclusion of a large vacant parcel on a separate tax account, also encompassing 1.46 acres, adding considerable potential for expansion or development. This turnkey property is ready for immediate use or redevelopment, making it an attractive proposition for a variety of buyers. The APN is 0129005664.

    Property Features for 93 Arctic Ave

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    4,560 SF
    Lot Size
    63,598 SF

    Building Details

    Year Built
    1983

    HighLights

    • 4,560 SF special‑purpose property on 1.46‑acre lot in La Vale, MD.
    • Currently operating as a church, with 12 parking spaces.
    • Two 2,280 SF levels, built in 1983, including kitchen, office, and ample storage.
    • Zoned residential with exempt commercial religious use; potential for conversion.
    • $350,000 asking price ($76.75/SF).
    • Includes adjacent 1.46‑acre vacant lot (separate tax account).
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    La Vale
    County
    Allegany
    State
    Maryland
    Longitude
    -78.8252356
    Latitude
    39.6471294

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    FAQs

    What type of property is this?
    Church & religious facility - 1.46-Acre Church, Ample Parking, $350K
    Where is this church & religious facility located?
    The property is located at 93 Arctic Ave La Vale, MD.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 4,560 SF special-purpose property on 1.46-acre lot in La Vale, MD.; Currently operating as a church, with 12 parking spaces.; Two 2,280 SF levels, built in 1983, including kitchen, office, and ample storage.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    93 Arctic Ave La Vale, MD 21502
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