344 Main St

For Sale$600,000

344 Main St, Laurel, MD 20707

  • Retail
  • Street Retail

344 Main St, Laurel, MD 20707 - Retail Space

344 Main St is located at 344 Main St in MD, Laurel, 20707. The Retail building was completed in 1930 and features a total of 2,604 Sqft.

There are 13 retail spaces for lease in the Laurel city, totaling 39,242 Sqft of available retail space. The retail space availability for the 20707 zip code is 32,915 Sqft, in 8 retail spaces. The average asking retail rent per sq. ft. in Laurel is $24.5/sqft/year.

At zip code level, there are 41 commercial properties, of which 11 are retail buildings over 50,000 square feet.

Nearby Properties

Details

  • Sale Price $600,000
  • City Laurel
  • Zip Code 20707
  • Property Type Retail - Street Retail
  • Property Size 2,604 Sqft
  • Lot Size 5,250 Sqft
  • Parking Spaces Avail. 4
  • Parking Ratio 1.54/ 1,000 SF
  • Year Built 1930
  • Date Updated 24 Mar, 2021

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

  • Fully Leased Mixed Use Building in Downtown Laurel
  • Four Units - Three Residential, One Commercial
  • $39k projected NOI in 2020
  • 4 On-Site Parking Spaces
  • Adjacent City Lot with Free Overnight Parking
  • Current Owner Made Major Updates to Building Infrastructure

Fully leased 4 Unit mixed use building on Main Street is a great opportunity for cash flow, or owner occupancy.  A corner lot along Historic Main Street in Laurel with reserved parking on site plus additional parking in adjacent lot.  Within walking distance to local restaurants and boutiques, the Amtrak station, and minutes away from Laurel Racetrack. Future Owner can participate in the growth of Main Street in Laurel- from community engagement with street festivals to the new development along the corridor.

The State’s first designated Main Street in Prince George’s County, Laurel is centrally located 21 miles from both Baltimore and Washington, D.C. making it perfect for a day trip or weekend getaway.

Enjoy shopping, dining, and entertainment that includes two local theaters. Explore Riverfront Park’s nature tour, take a walking tour through our Historic District with the Laurel Historical Society, visit the Laurel Museum and relax with a stay at Laurel Manor House, a historic Victorian bed and breakfast within walking distance to Main Street.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 344 Main St?

344 Main St totals 2,604 square feet.

When was this property built?

344 Main St was built in 1930.

Laurel Demographics

The average household income in zip code 20707 is $106,524, from a total of 12,201 households. In terms of employment, there are 84.60 % white-collar and 15.40 % blue-collar jobs in zip code 20707.

Population

  • Total Population25,767
  • Male Population(48.5 %) 12,491
  • Female Population(51.5 %) 13,276
  • Median Age35.40

Income/Financial

  • Average Household Income$99,096
  • Median Household Income$78,313
  • Median Income Under 25$49,400
  • Median Income 25-44$79,320
  • Median Income 45-64$90,712
  • Median Income Over 65$55,313

Attachments

Commercial Broker Register now to add listings

Cecil Cummins

Hyatt Commercial Real Estate

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