10070 Washington Blvd N Laurel, MD 20723
- Retail space
- 2,475 SF
- 0.65 lot acres
Current Use by Public Records
- Kake Korner / Bakery / Cake Shop
Property Details for 10070 Washington Blvd N
- Year built
- 1905
- Construction
- WOOD
- Lot size
- 0.65 lot acres
- Property size
- 2,475 SF
- Zone code
- CACLI
- Property type
- Retail space
- APN
- 06-432468
- APU
- 6432468
Description
This exceptional retail property presents a rare investment opportunity in the heart of Howard County's North Laurel. Situated on a highly visible 0.65-acre corner lot at the intersection of Washington Boulevard (Route 1) and Madison Avenue, this location boasts unparalleled exposure to a high volume of traffic. The property benefits from highway-facing signage and convenient access via curb cuts on both Washington Boulevard and Madison Avenue, ensuring easy access for customers and employees. The 3,411 square foot building is spread across three levels, offering significant flexibility. The lower level, which is above grade on the side and rear, features a walk-out door ideal for deliveries or the creation of a separate unit. The building's layout allows for division into three distinct units, each exceeding 1,000 square feet of usable space. Zoned CAC (Corridor Activity Center) with a CLI (Continuing Light Industrial) overlay, this property offers significant redevelopment potential as a pad site for new construction. Currently occupied by a retail bakery, the business, including all fixtures, furniture, and equipment (FF&E), is available for an additional $115,000. Alternatively, the existing bakery business can be relocated (see separate MLS listing for details). Ample parking is available in both front and rear lots, and a drive-through lane adds further convenience. This property represents a unique chance to acquire a well-located, versatile commercial space with substantial upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $385,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $445,000
- Mixed-Use
- $460,000
- Hospitality
- $355,000
- Educational
- $360,000
- Residential Income
- $465,000
- Energy
- $490,000
- Income-Based Land
- $480,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Laurel
- County
- Howard
- State
- Maryland
- Longitude
- -76.8392
- Latitude
- 39.1092
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA