This exceptional free-standing retail/flex building presents a unique investment opportunity in Waldorf, Maryland. Located at 2874 Old Washington Rd, this property boasts a substantial 6,600 square feet of space situated on a generous 1.04-acre lot. The building has recently undergone renovations, both interior and exterior, resulting in an attractive and updated aesthetic. The space features an appealing showroom area, perfectly complemented by ample warehouse or storage space, providing versatility for a wide range of businesses. Its highly visible location ensures excellent exposure to potential customers, enhancing its commercial viability. The property also offers the added benefit of pylon signage availability, further maximizing its marketing potential. The convenient location in Charles County, Maryland, zip code 20601, provides easy access for both employees and customers. A virtual tour is available for a comprehensive view of the property. This is an ideal opportunity for an owner-user or investor seeking a well-maintained, versatile commercial space in a thriving location. The property's size, features, and location combine to create a compelling investment prospect. Don't miss this chance to acquire a prime retail space in a desirable Maryland market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,583,268
6.5%
$2,384,555
7%
$2,214,230
Comparable approach
Method
Valuation
Relative Method
$2,861,883
Geo Method
$2,861,883
Alternative Use
Use
Valuation
Residential
$2,011,462
Hospitality
$1,842,488
Educational
$1,532,928
Medical
$1,585,648
Retail
$2,384,555
Location Insight
City
Waldorf
County
Charles
State
Maryland
Latitude
38.631
Longitude
-76.901
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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