Property profile

93 Arctic Ave La Vale, MD 21502

OFF-MARKET
Specialty properties
4,560 SF 1.46 ac lot Built 1983
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Property summary

AI-generated overview

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 profile

Verified
Property type Specialty properties
Year built 1983
Total area 4,560 SF
Lot 1.46 ac (63,598 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

93 Arctic Ave La Vale, MD 21502
La Vale metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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