363 Main St Laurel, MD 20707
- Office buildings
- 888 SF
- 0.09 lot acres
Current Use by Public Records
- Pho Viet 75 / Vietnamese Restaurant
Property Details for 363 Main St
- Year built
- 1915
- Construction
- BRICK
- Lot size
- 0.09 lot acres
- Property size
- 888 SF
- Zone code
- LAUR
- Property type
- Office buildings
- APN
- 10-1115294
- APU
- 101115294
Description
This exceptional mixed-use property at 363 Main Street in Laurel, MD, presents a unique investment opportunity. Boasting 4,656 square feet on a 0.09-acre lot, this three-story building offers high visibility from its Main Street location, enhanced by awning signage. Ample parking is available both on-site and directly in front of the building, ensuring convenient access for customers and tenants. The main level features a retail space with large storefront windows, two bathrooms, and a convenient stairway leading to the lower level. This lower level offers additional space ideal for storage or expansion of the retail area. The second floor provides a separate street entrance, perfect for use as a residential apartment or office space, encompassing three bedrooms and two full bathrooms. Significant upgrades were completed just four years ago, including new water and gas lines, a furnace, air conditioning system, and flooring, representing a substantial value-add for the new owner. This meticulously maintained property is ready for immediate occupancy and presents a compelling opportunity for a savvy investor seeking a high-return, mixed-use asset in a thriving location. The asking price is $1,200,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laurel
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.8464
- Latitude
- 39.1056
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
