Property profile

22780 Washington St Leonardtown, MD 20650

OFF-MARKET
Commercial land
Property ID
US40-0490612
0.46 ac lot
Entity Owned 19-yr Hold ~ Est. High Equity
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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

Location

22780 Washington St Leonardtown, MD 20650-3948
Leonardtown metro Census 875400 CALIFORNIA-LEXINGTON PARK, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2007
7 recorded transactions
2016
Price N/A
2007
$105,000
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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