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    FOR SALE
    Office buildings

    363 Main St, Laurel, MD 20707

    888 SF 0.09 ac lot Built 1915
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US40-0879903
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1915
    Construction BRICK
    Total area 888 SF
    Lot 0.09 ac (4,050 SF)
    Zoning code LAUR
    APN 10-1115294
    UPID US40-0879903
    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
    • Pho Viet 75 Restaurant
    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
    363 Main St LLC · 8 yrs held
    363 Main St LLC
    since 2018
    2 recorded transactions
    2020
    2018
    $400,000
    Zoning & alternative use
    LAUR · Laurel, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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