2 Washington RdWestminster, MD 21157

Property Details for 2 Washington Rd

Year built

1930

Construction

BRICK

Lot size

0.12 AC

Property size (Sq ft)

680 SF

Zone code

DOWNT

Property type

Retail properties

Property subtype

Retail space

APN

07-064519

APU

7064519

Description

This exceptional 5,040 square foot retail property, situated on a 0.12-acre lot at 2 Washington Road in Westminster, Maryland, presents a remarkable business opportunity. The space boasts a highly visible multi-corner location, ensuring significant foot traffic and exposure. Recently and completely renovated, the property is move-in ready and equipped for immediate operation. The previous tenant operated a successful tobacco and vape shop alongside a carry-out restaurant, demonstrating the versatility of the space. All shelving and display cases are brand new, along with three refrigerators. The carry-out restaurant area is fully equipped with new, modern appliances. For enhanced security, a comprehensive new security camera system has been installed throughout the premises. This turnkey operation offers a rare chance to establish or expand a business in a thriving Westminster location. The asking price is $479,000. This property is perfect for an entrepreneur seeking a well-equipped, high-visibility space with immediate operational capabilities. The combination of a prime location and recent renovations makes this an exceptional investment opportunity. Don't miss this chance to secure a thriving business location in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $151,866

  6.5%

  $140,184

  7%

  $130,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,803

  Geo Method

  $107,803

• Alternative Use

  Use

  Valuation

  Residential

  $118,251

  Hospitality

  $108,317

  Educational

  $90,119

  Medical

  $93,218

  Retail

  $140,184

Location Insight

City

Westminster

County

Carroll

State

Maryland

Latitude

39.5665

Longitude

-76.9874

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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