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SO MD Hearth & Home 28420 Point Lookout Rd 3,845 SF Retail Building Leonardtown, MD 20650 $540,000 ($140.44/SF)
Investment Highlights
- Mixed-Use Investment or Owner-User Opportunity with a 3,845 SF commercial building on a 29,620 SF parcel.
- Flexible Layout can be divided into up to three retail bays, ideal for multiple tenants or business operations.
- Built-In Rental Income Potential with owner willing to lease back approximately one-third of the commercial space.
- Prime Visibility just off Point Lookout Road with flexible VMX zoning allowing a variety of commercial uses.
- Additional Income Stream from the existing rental house located at the rear of the property.
- Business Acquisition Opportunity with the option to purchase the existing business as part of the sale
Executive Summary
Mixed-use investment or Owner-user opportunity offering 3,845 SF commercial building on a 29,620 SF parcel with prime visibility just off Point Lookout Road. Zoned VMX, this versatile property accommodates a wide range of commercial uses and can be demised into three separate retail bays, creating excellent flexibility for owner-users or investors seeking multiple income streams.
The property also includes an income-producing rental home located at the rear of the site, providing immediate cash flow. For investors, the current owner is willing to lease back approximately one-third of the commercial building, offering built-in rental income after closing. Alternatively, the property can be delivered for an owner-user seeking to occupy the entire commercial space.
For buyers looking to expand an existing operation or step into an established business, the current business may also be included in the sale, if desired.
The property also includes an income-producing rental home located at the rear of the site, providing immediate cash flow. For investors, the current owner is willing to lease back approximately one-third of the commercial building, offering built-in rental income after closing. Alternatively, the property can be delivered for an owner-user seeking to occupy the entire commercial space.
For buyers looking to expand an existing operation or step into an established business, the current business may also be included in the sale, if desired.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,845 SF
Building Class
C
Year Built
1924
Price
$540,000
Price Per SF
$140.44
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.68 AC
Zoning
VMX - Village Mixed Use District
Parking
10 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
96’ on Point Lookout Rd
Amenities
- Pylon Sign
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 03-003868 | Improvements Assessment | $211,800 |
| Land Assessment | $206,100 | Total Assessment | $417,900 |
Property Taxes
Parcel Number
03-003868
Land Assessment
$206,100
Improvements Assessment
$211,800
Total Assessment
$417,900
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SO MD Hearth & Home | 28420 Point Lookout Rd