9825 Old Solomons Island RdOwings, MD 20736

  • Specialty properties
  • 3,643 SF
For Sale
$630,000 View listing

Property Details for 9825 Old Solomons Island Rd

Year built
1978
Construction
BRICK
Lot size
0.58 AC
Property size (Sq ft)
3,643 SF
Zone code
TC
Property type
Specialty properties
Property subtype
Other specialty properties
APN
03-006905
APU
3006905

Description

This exceptional mixed-use property, located at 9825 Old Solomons Island Road in Owings, MD, presents a compelling investment opportunity. The 0.58-acre site boasts three separate buildings, generating consistent income through long-term leases on two of the structures. The total square footage across all buildings is 9,156 square feet, offering significant potential for growth and expansion. The property's strategic location between MD-260 and MD-2 ensures high visibility and convenient access for both tenants and customers. This is an ideal investment for those seeking a stable income stream with significant upside potential. The asking price is $630,000, representing a strong return on investment given the existing leases and the property's prime location in the thriving Owings market. Detailed financial information and lease agreements are available upon request. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location. Don't miss out on this chance to secure a valuable asset in the heart of Owings. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $673,946
    Hospitality
    $617,331
    Educational
    $513,612
    Medical
    $531,276
    Retail
    $798,952
9825 Old Solomons Island Rd, Owings, Maryland

Location Insight

City
Owings
County
Calvert
State
Maryland
Latitude
38.7166
Longitude
-76.6033
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,501
-
-
$529,467
-
$191,700
$363,700
$555,400

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