5015 Saint Leonard Rd Saint Leonard, MD 20685-2817
- Warehouses
- 9,000 SF
- 5.43 lot acres
Current Use by Public Records
- Warehouses
Property Details for 5015 Saint Leonard Rd
- Year built
- 1950
- Construction
- BRICK
- Lot size
- 5.43 lot acres
- Property size
- 9,000 SF
- Zone code
- TC
- Property type
- Warehouses
- APN
- 01-199269
- APU
- 1199269
Description
Exceptional investment opportunity: a 20,766 square foot mixed-use commercial property located at 5015 Saint Leonard Rd, Saint Leonard, MD 20685, in Calvert County. This property, known as the Chesapeake Marketplace, sits on a 5.43-acre lot and boasts a diverse range of existing tenants including a 9,000 square foot auction warehouse, several leased detached buildings, a large two-story antique consignment building, a church, and a towing company operation. The property features a total of seven units with ample parking (210 spaces) and ceiling heights ranging from 15 to 18 feet. Built in 1950, the property is zoned TC, offering significant flexibility for future development and expansion. The substantial leasable area presents a strong current income stream, with a potential cap rate of 9.5% (available upon request). The property's location on the roundabout provides excellent visibility and accessibility. Significant expansion potential exists, with room for additional buildings or land storage. This property presents a compelling investment opportunity with high potential for future growth and profitability. An adjoining 8.73-acre parcel is also available for purchase, creating the possibility of a 13+ acre commercial/retail power center.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $430,000
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Location Insight
- Map
- Local Demand
- City
- Saint Leonard
- County
- Calvert
- State
- Maryland
- Longitude
- -76.5065
- Latitude
- 38.4722
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
