22750 Washington StLeonardtown, MD 20650

Property Details for 22750 Washington St

Year built

1960

Lot size

0.19 AC

Property size (Sq ft)

1,020 SF

Zone code

C-G

Property type

Commercial real estate

APN

03-007421

APU

3007421

Description

This exceptional 0.19-acre commercial pad site, located at 22750 Washington Street in the heart of Leonardtown, Maryland, presents a unique investment opportunity. Boasting 6,969 square feet of approved space, this property is ideally suited for a mixed-use development. The approved uses encompass a diverse range of possibilities, including office space, retail establishments, restaurants, and residential units, offering significant flexibility for developers and investors. Its central Leonardtown location ensures high visibility and accessibility, providing convenient access to local amenities, businesses, and a thriving community. The site's zoning allows for a variety of development options, making it an attractive prospect for those seeking to capitalize on the area's growth potential. This property represents a rare chance to acquire a strategically positioned pad site in a desirable location, ready for immediate development. The asking price of $325,000 reflects the significant value and potential this property offers. Serious inquiries are encouraged to explore the possibilities and secure this prime commercial real estate asset. Detailed site plans and zoning information are available upon request. Don't miss this opportunity to establish a thriving business or residential development in the heart of Leonardtown.

• CAP approach

  CAP return

  Valuation

  6%

  $298,745

  6.5%

  $275,765

  7%

  $256,067

• Comparable approach

  Method

  Valuation

  Relative Method

  $170,350

  Geo Method

  $170,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $549,185

  Retail / Commercial

  $280,392

  Mixed-Use / Specialty

  $278,426

  Hospitality / Lodging

  $203,014

  Office

  $275,765

  Institutional / Educational

  $289,105

  Residential Income

  $338,253

  Multifamily

  $411,043

  Automotive / Energy

  $247,805

  Parking / Income-Based Land

  $86,469.50

  Restaurant / Food Service

  $142,748

  Healthcare / Senior Housing

  $286,512

Location Insight

City

Leonardtown

County

St. Mary's

State

Maryland

Latitude

38.2922

Longitude

-76.635

CBSA code

15680

CBSA name

CALIFORNIA-LEXINGTON PARK, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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