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374-376 Main St 3,076 SF 50% Leased Retail Building Laurel, MD 20707 $725,000 ($235.70/SF)
Investment Highlights
- Partial-User or Investor Opportunity | Retail Unit Delivered Vacant
- Multifamily Units are Fully Leased & 1 is Month-To-Month
- Situated Along a Main Thoroughfare | 19 On-Site Parking Spaces
- Building Configuration Allows for the Retail Space to be Divided into 2 Units
- All Units Separately Metered for Electric, Gas, & Water
Executive Summary
Feldman Ruel is pleased to offer for sale 374-376 Main Street, a two-level, 3,076-square-foot mixed use property with a retail space on the first level and two one-bedroom/one-bathroom multifamily units with private entrances on the second level. The retail space, historically utilized by a medical equipment retailer, will be delivered vacant at closing. The multifamily units are 100% occupied, with one unit's lease ending in January 2027, and the second unit month-to-month, both providing in-place cash-flow immediately upon purchase. The subject property is located along and near the center of Laurel's Historic Main Street, allowing a small business the advantage of vehicle and foot traffic while benefiting from the area’s historic charm.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,076 SF
Building Class
C
Year Built
1957
Price
$725,000
Price Per SF
$235.70
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.21 AC
Zoning
C-V
Parking
19 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Laurel Orthopedic & Medical Supplies Inc
- Wholesaler
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Laurel Orthopedic & Medical Supplies Inc | Wholesaler | - | - | - |
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-1096916 | Improvements Assessment | $203,900 |
| Land Assessment | $361,600 | Total Assessment | $565,500 |
Property Taxes
Parcel Number
10-1096916
Land Assessment
$361,600
Improvements Assessment
$203,900
Total Assessment
$565,500
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374-376 Main St
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