10070 Washington BlvdLaurel, MD 20723

Property Details for 10070 Washington Blvd

Year built

1905

Construction

WOOD

Lot size

0.65 AC

Property size (Sq ft)

2,475 SF

Zone code

CACLI

Property type

Retail space

APN

06-432468

APU

6432468

Description

This exceptional retail property presents a rare investment opportunity in the heart of Howard County's North Laurel. Situated on a highly visible 0.65-acre corner lot at the intersection of Washington Boulevard (Route 1) and Madison Avenue, this location boasts unparalleled exposure to a high volume of traffic. The property benefits from highway-facing signage and convenient access via curb cuts on both Washington Boulevard and Madison Avenue, ensuring easy access for customers and employees. The 3,411 square foot building is spread across three levels, offering significant flexibility. The lower level, which is above grade on the side and rear, features a walk-out door ideal for deliveries or the creation of a separate unit. The building's layout allows for division into three distinct units, each exceeding 1,000 square feet of usable space. Zoned CAC (Corridor Activity Center) with a CLI (Continuing Light Industrial) overlay, this property offers significant redevelopment potential as a pad site for new construction. Currently occupied by a retail bakery, the business, including all fixtures, furniture, and equipment (FF&E), is available for an additional $115,000. Alternatively, the existing bakery business can be relocated (see separate MLS listing for details). Ample parking is available in both front and rear lots, and a drive-through lane adds further convenience. This property represents a unique chance to acquire a well-located, versatile commercial space with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $719,371

  6.5%

  $664,035

  7%

  $616,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $423,753

  Geo Method

  $392,370

• Alternative Use

  Use

  Valuation

  Residential

  $560,138

  Hospitality

  $513,084

  Educational

  $426,879

  Medical

  $441,561

  Retail

  $664,035

Location Insight

City

Laurel

County

Howard

State

Maryland

Latitude

39.1092

Longitude

-76.8392

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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