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Investment Highlights

  • highway visibility
  • 2 parking lots
  • high traffic count
  • 3 curb cuts

Executive Summary

Rare opportunity; Highly sought-out retail property in heart of Howard County, North Laurel. Situated on a prominent 0.65-acre corner lot at the bustling intersection of Washington Blvd and Madison Ave. Unparalleled visibility with high traffic volume and highway facing signage. Zoning is CAC (Corridor Activity Center) with CLI (Continuing Light Industrial) overlay. Easily accessible property features curb cuts on both Washington Blvd (1) and Madison Ave (2), providing convenient access for customers and employees. Property includes a drive through lane along with parking lots at both the front and rear of property. Building spans approximately 3,411 square feet across three levels. The lower level, which is above grade on the side and rear, includes a walk-out door perfect for deliveries or the potential to create a separate unit. Building could be divided into three distinct units, each offering over 1,000 sq ft of usable space. Property offers potential for redevelopment as a pad site for new construction. Currently home to a retail bakery, and the business along with all FF&E is available for an additional $115K. Alternatively, the bakery business can be relocated. Showings must be scheduled with the listing agent, and the buyer must be qualified prior to confirming any appointments.

Financial Summary (Pro Forma - 2025)

Annual Annual Per SF
Gross Rental Income $84,000 $33.94
Other Income - -
Vacancy Loss - -
Effective Gross Income $84,000 $33.94
Taxes $6,953 $2.81
Operating Expenses $5,000 $2.02
Total Expenses $11,953 $4.83
Net Operating Income $72,047 $29.11

Financial Summary (Pro Forma - 2025)

Gross Rental Income
Annual $84,000
Annual Per SF $33.94
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $84,000
Annual Per SF $33.94
Taxes
Annual $6,953
Annual Per SF $2.81
Operating Expenses
Annual $5,000
Annual Per SF $2.02
Total Expenses
Annual $11,953
Annual Per SF $4.83
Net Operating Income
Annual $72,047
Annual Per SF $29.11

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,475 SF
Building Class
B
Year Built/Renovated
1905/2018
Price
$830,000
Price Per SF
$335.35
Tenancy
Single
Building Height
3 Stories
Building FAR
0.09
Lot Size
0.65 AC
Zoning
CAC-CLI CACLI - Zoning is CAC (Corridor Activity Center) with CLI (Continuing Light Industrial) overlay
Parking
30 Spaces (12.12 Spaces per 1,000 SF Leased)
Frontage
20’ on Washington Boulevard

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Restaurant
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100

Nearby Major Retailers

Sandy Spring Bank
PNC Bank
Red Hot & Blue
Planet Fitness
Denny's
IHOP
Five Guys
LA Fitness
Weis Markets
Chase Bank

Property Taxes

Property Taxes

Parcel Number
06-432468
Land Assessment
$254,800
Improvements Assessment
$185,600
Total Assessment
$440,400
Annual Taxes
$6,953 ($2.81/SF)
Tax Year
2025
  • Listing ID: 34718383

  • Date on Market: 2/4/2025

  • Last Updated:

  • Address: 10070 Washington Blvd N, Laurel, MD 20723

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