11735 Hg Trueman RdLusby, MD 20657

Property Details for 11735 Hg Trueman Rd

Year built

1986

Construction

BRICK

Lot size

3.67 AC

Property size (Sq ft)

2,405 SF

Zone code

TC

Property type

Turn key restaurants

APN

01-000934

APU

1000934

Description

Exceptional opportunity to acquire a 4,800 square foot, two-story restaurant building situated on a substantial 3.67-acre lot in the thriving Lusby Town Center, Maryland. This fee-simple property, built in 1986, boasts a prime location with two curb cuts, readily available water and sewer services, and high visibility. The property is ideally positioned adjacent to a bustling Giant Food shopping center and other popular retail establishments including Starbucks, Domino's Pizza, and Dunkin', ensuring consistent high traffic volume. HG Trueman Road, a secondary roadway serving the Lusby community (approximately 20,000 residents, 7,000+ homes, $90,000 median household income), experiences an estimated daily traffic count of 7,000 vehicles. The property's "Village Commercial" zoning designation allows for a wide range of commercial uses, including retail, restaurant, entertainment, civic, office, and small-scale manufacturing, offering immense development potential. This versatile property presents a unique chance to capitalize on a high-demand location within a robust and growing community. The asking price is $975,000, translating to $203.12 per square foot. The property's size and zoning make it suitable for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $571,398

  6.5%

  $527,444

  7%

  $489,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $354,037

  Geo Method

  $1,012,181

• Alternative Use

  Use

  Valuation

  Residential

  $444,919

  Hospitality

  $407,543

  Educational

  $339,071

  Medical

  $350,732

  Retail

  $527,444

Location Insight

City

Lusby

County

Calvert

State

Maryland

Latitude

38.3742

Longitude

-76.439

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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