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    OFF-MARKET
    Commercial land

    22780 Washington St, Leonardtown, MD 20650-3948

    0.46 ac lot
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US40-0490612
    Property summary
    AI-generated overview

    This exceptional 0.46-acre commercial pad site presents a unique investment opportunity in the heart of historic Leonardtown, Maryland. Located at 22780 Washington Street, this property boasts a total area of 17,894 square feet and offers significant development potential. The site has already received approval for mixed-use development, providing a streamlined path to construction. This flexibility allows for the creation of either a substantial 7,800 square foot office building or a more residential-focused 4,500 square foot dwelling. Detailed site plans are readily available for inspection, providing comprehensive information on the property's layout, utilities, and zoning compliance. The property's location within Leonardtown's historic district offers excellent visibility and accessibility, making it an ideal location for a variety of commercial or residential ventures. This is a rare chance to acquire a fully approved development site in a desirable and thriving community. The asking price for this exceptional property is $425,000. Don't miss this opportunity to secure a prime piece of real estate in a sought-after location. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.46 ac (20,051 SF)
    APN 03-012506
    UPID US40-0490612
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    208 Washington Street LLC · 19 yrs held
    208 Washington Street LLC
    since 2007
    7 recorded transactions
    2016
    2007
    $105,000
    2007
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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