23531 Mervell Dean Rd Hollywood, MD 20636
- Commercial real estate
- 2,240 SF
- 0.28 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 23531 Mervell Dean Rd
- Year built
- 2005
- Lot size
- 0.28 lot acres
- Property size
- 2,240 SF
- Zone code
- RMX
- Property type
- Commercial real estate
- APN
- 08-046190
- APU
- 8046190
Description
This exceptional 3,360 square foot property located at 23531 Mervell Dean Road in Hollywood, MD, presents a unique investment opportunity. Situated on a 0.28-acre lot, this Colonial-style building offers remarkable flexibility. Currently configured as a blend of residential and commercial space, it can easily be adapted to suit a variety of uses. The upper level boasts four bedrooms and two full bathrooms, ideal for residential use or as executive suites. The main level features adaptable rooms suitable for living areas, a dining room, family room, and kitchen, or alternatively, a flexible office layout. A full, unfinished basement provides ample storage or expansion potential. The property benefits from a highly desirable location with over 30,000 vehicles passing daily, ensuring excellent visibility and accessibility for any business. The asking price is $200,000, and the property is being sold in its "as is" condition. This presents a rare chance to acquire a versatile property in a high-traffic area, perfect for an owner-occupier or investor seeking a strong return. The combination of residential and commercial potential makes this a truly unique offering in the Hollywood, MD market. Don't miss this opportunity to secure a prime location with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $130,000
- 7%
- $130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $135,000
- Geo Method
- $120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $160,000
- Retail
- $130,000
- Mixed-Use
- $175,000
- Hospitality
- $125,000
- Educational
- $125,000
- Residential Income
- $170,000
- Energy
- $150,000
- Income-Based Land
- $145,000
- Food Service
- $140,000
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- St. Mary's
- State
- Maryland
- Longitude
- -76.5355
- Latitude
- 38.3137
- CBSA code
- 15680
- CBSA name
- CALIFORNIA-LEXINGTON PARK, MD METROPOLITAN STATISTICAL AREA