4541 Indian Head Hwy Indian Head, MD 20640
- Retail space
- 5,805 SF
- 2.74 lot acres
Current Use by Public Records
- Retail space
Property Details for 4541 Indian Head Hwy
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.74 lot acres
- Property size
- 5,805 SF
- Zone code
- GC
- Property type
- Retail space
- APN
- 07-013299
- APU
- 7013299
Description
This exceptional investment property, located at 4541 Indian Head Highway in Indian Head, Maryland, presents a unique opportunity for owner-users or investors. The 2.7-acre parcel boasts a 5,805 square foot retail building with two units currently occupied at 100% occupancy. One unit is a liquor store featuring a convenient drive-thru, while the other is a restaurant. Adding significant value is a five-bay car wash, including three self-serve bays, one touch-free bay, and one soft-touch bay. The property also features two new pay stations for the soft-touch and touch-free bays, presenting potential for membership-based car wash services. Built in 1960, the property is zoned TMX and offers excellent income-producing potential. Its prime location off Highway 210 and close proximity to the Indian Head Naval Base ensures high visibility and strong customer traffic. This Class C property is a rare find, combining retail and car wash operations on a substantial lot, making it an ideal investment for a savvy buyer. The property's current configuration and zoning provide flexibility for future expansion or adaptation to changing market demands. The asking price is $2,500,000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,049,000
- AI Estimate
- $690,000
Market price range: $517k - $2.21MMarket price range: $295k - $1.52M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,265,000 Current use
- WAREHOUSE, STORAGE
- $1,380,000 Change: +9% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,165,000 Change: -8% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Indian Head
- County
- Charles
- State
- Maryland
- Longitude
- -77.1507
- Latitude
- 38.6003
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA