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    FOR LEASE
    Retail space

    45315 Alton Ln, California, MD 20619

    35,050 SF 25.36 ac lot Built 1990
    Individually Owned 23-yr Hold ~ Est. High Equity
    Property ID
    US40-1399458
    Property summary
    AI-generated overview

    Laurel Glen Shopping Center, located at 45315 Alton Lane, California, MD 20619, presents a significant retail investment opportunity in St. Mary's County. This established shopping center encompasses a total of 153,229 square feet, offering nine individual suites for lease. The property boasts a flexible layout, accommodating tenants requiring spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 48,000 square feet. Currently, there is substantial vacancy totaling 83,606 square feet, presenting a unique chance for expansion or new business ventures. The center's strategic location in California, Maryland provides excellent access to a thriving community. The property's classification as a multi-tenant shopping center ensures a diverse tenant mix and potential for synergistic business relationships. This presents a compelling opportunity for businesses seeking high-visibility locations within a well-established commercial area. The substantial vacant space allows for customization and adaptation to suit a variety of retail needs, making it an ideal location for both established businesses and emerging enterprises. With its prime location and significant square footage, Laurel Glen Shopping Center offers a rare chance to establish a strong presence in a growing market. Interested parties are encouraged to explore this exceptional retail opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1990
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 35,050 SF
    Lot 25.36 ac (1,104,899 SF)
    Zoning code CC
    APN 08-006016
    UPID US40-1399458
    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
    • Allure Hair Design Hair Salon
    • World #1 Nails Spa Nail Salon
    • Third Eye Comics (Bike/Boat/Book/etc) Store Newspaper & Magazine
    • Harbor Freight Tools Building Supply Hardware & Home Improvement
    • PetSmart Grooming Pet Grooming Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.59M
    Owner & transaction history
    State Highway Admin Of The Dep · 23 yrs held
    State Highway Admin Of The Dep
    since 2002
    2 recorded transactions
    2008
    2002
    $19,900
    Zoning & alternative use
    CC · California, 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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