Opportunity to own on Rt 1 and enjoy all of the new marketing, retail and housing. We have permission to tear down retail structure from the county, This is a two story detached residential type building with an attic and a basement. HO-489. There are 14 lots plus newly added 7800 sq feet. Plaese see attached plat, tax sheets and deed recording of new 7800 sq feet. Very nice large building. Currently rented, month to month, approx. 26 feet x 51 ft masonry and frame on concrete slab. Storage trailers are currently rented. Tenants may be willing to stay. Month to month,. Property is a large parking lot essential with a tear down two story residential building which was used as a retail store, and a large storage/shop building. Excellent for car, camper, truck storage lots. With regards to specifics in listing, I am assuming retail building will be removed/destroyed. Water, electric and sewer on sight. 2 ingress/egress. Property sits at a traffic light on N Laurel with one entrance and the other on Rt 1 South. County identifies this as CAC CLI. Call Howard County for specific uses allowed.
Buyer can occupy all or Seller is willing to lease back second floor. Three separate HVAC zones upstairs and two downstairs. All of the units have been replaced since 2002. Also added a propane powered backup generator wired to a circuit panel that supports a selective number of building lights and utilities. Two kitchens have refrigerators, microwaves and sinks. Second floor kitchen also has an electric stove. Four half bathrooms and one full bathroom (shower). The toilet on one upstairs bathroom was replaced this year. Building is wired for internet and building phones. A new commercial roof was installed in November, 2021. On the first floor a building modification with new internal entry door, office doors, carpet, select walls was done in 2018.
12,750 sq. ft. building, mixed use commercial & apartments located in the first block of Main Street, Laurel MD off southbound US Route 1. Approximately 7,500 sq. ft. first floor retail space. Plus 5,250 sq. ft. of second floor apartments and storage space, consisting of 5 residential apartments and one 1,000 Sq. Ft.+/- of second floor storage space.
Highly visible retail location. On site and street front parking. Building has three levels of full height space. PLEASE DO NOT GO INTO THE RESTAURANT FOR ANY QUESTIONS. CALL LISTING AGENT DIRECTLY FOR APPOINTMENTS AND ANY QUESTIONS! THIS IS THE REAL ESTATE FOR SALE. Must see!! Mixed use, your best investment. Highly visible retail location with awning signage. On site and street front parking. Building has three levels of full height space. Many upgrades 4 years young, Water line, Gas line, Furnace, AC, Floors & many more. Main level retail has storefront windows with 2 bathrooms and entry stairway to Lower Level. Second floor has a separate street entry for the apartment or office space. 3 bedrooms, 2 full baths.
Recently Renovated, New flat roof, new 8 unit HVAC, New Planum ceiling, new bathrooms, private rooms , food prep area,4,800 sq feet almost open space. back door for deliveries Current tenants are a Church with 3 years remaining on the initial term of lease. Annual rent is $94,000 per year , Cap rate 6%. Tenant pays all utilities. GREAT INVESTMENT! Weekday showing only!!!
Laurel is located in Maryland. Laurel, Maryland has a population of 25,913. Laurel is more family-centric than the surrounding county with 32.34% of the households containing married families with children. The county average for households married with children is 27.14%.
The median household income in Laurel, Maryland is $72,726. The median household income for the surrounding county is $78,607 compared to the national median of $57,652. The median age of people living in Laurel is 35.2 years.
The average high temperature in July is 88.3 degrees, with an average low temperature in January of 24.9 degrees. The average rainfall is approximately 43.7 inches per year, with 11 inches of snow per year.
