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Property profile & analytics
FOR LEASE
Commercial land

306 Lake Dr Queenstown, MD 21658

564 SF 23.63 ac lot Built 1970
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US40-0952040
Property summary
AI-generated overview

This exceptional retail property, situated at 306 Lake Drive in Queenstown, Maryland, presents a unique investment opportunity. Spanning 22.65 acres, the property boasts a renovated greenhouse, shade houses, and cold frames, all ready for immediate occupancy. This established location, formerly known as Wye Nursery, has a rich history dating back to 1953. Its strategic position on Route 50 East, with convenient access from Route 50 West, ensures high visibility and significant traffic exposure. The property benefits from an average daily traffic count of 77,000 vehicles during peak season, providing unparalleled potential for a thriving business. The existing infrastructure is ideal for a nursery or similar retail operation. Three flower shops have already committed to purchasing $30,000 worth of flowers and plants annually, providing a strong foundation for immediate revenue generation. This turnkey operation offers a rare chance to acquire a well-established business with significant growth potential in a high-demand location. The property's size and established infrastructure make it an attractive proposition for entrepreneurs seeking a ready-to-go business venture. The high traffic volume ensures maximum exposure and accessibility for customers. This is a truly exceptional opportunity to establish or expand a successful retail business in a prime location. The asking price is to be determined.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1970
Total area 564 SF
Lot 23.63 ac (1,029,323 SF)
Zoning code SC
APN 03-005119
UPID US40-0952040
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
Current use
Occupant on record · Public records
  • Delmarva Carry Academy Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Kaufman Concepts LLC · 3 yrs held
Kaufman Concepts LLC
since 2022
2 recorded transactions
2022
$649,000
2006
Price N/A
Zoning & alternative use
SC · Queenstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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