13892 Dowell Rd Solomons, MD 20688
Exceptional opportunity to acquire a significant retail property in the thriving Solomons, MD market. This offering encompasses two commercial lots totaling 40,169 square feet (27,007 sq ft at 13892 Dowell Road and 13,162 sq ft at 13880 Dowell Road). The main building at 13892 Dowell Road, spanning 3,835 square feet, boasts a rich history as a former General Store and Dowell Post Office, currently operating as an antique store. Four structures are situated on this lot. The second lot, 13880 Dowell Road, includes one additional structure. The property features a convenient paved parking lot with a curbed entrance, and benefits from public sewer and water connections. Located in a walkable community with sidewalks, this property enjoys a prime location directly across from Oyster Bay. The surrounding area has experienced substantial growth in recent years, with hundreds of new homes, townhomes, and condominiums constructed, and an additional 200 lots slated for development near the marina. This presents a unique investment opportunity, with the possibility of acquiring the existing business equipment (business inventory excluded). The property has been owned and operated by the same family for three generations and is now available for the first time in 100 years. Offers are encouraged. The total square footage of the building is 4,895 square feet, situated on a 0.62-acre lot. The asking price is $649,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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