959 National HwyLa Vale, MD 21502

  • Retail properties
  • 3,306 SF
For Sale
$720,000 View listing

Property Details for 959 National Hwy

Year built
1977
Construction
BRICK
Lot size
0.60 AC
Property size (Sq ft)
3,306 SF
Zone code
A
Property type
Retail properties
Property subtype
Retail space
APN
29-018979
APU
29018979

Description

This exceptional mixed-use property, located at 959 National Hwy in La Vale, Maryland, presents a compelling investment opportunity. The property, built in 1977, encompasses a substantial 5,939 square feet across two buildings situated on a 0.6-acre lot. The asking price is $720,000, translating to $121.23 per square foot. The property boasts 17 paved parking spaces and is zoned A, offering significant flexibility for various commercial uses. Its prime location on National Highway ensures high visibility and traffic, surrounded by thriving businesses including banking, retail, medical, and service establishments. The building features two units, each with a unique layout. Each unit includes an office, a back room with exterior access, two bathrooms, a kitchenette, a utility room, and storage space. Large open spaces with removable partitions allow for adaptable configurations to suit diverse business needs. One unit is currently leased for $1,900 per month, while the second unit is vacant, presenting immediate income potential and the opportunity to increase rental revenue. The property's accessibility features include handicap accessibility and prominent signage on National Highway. The Allegany County location, with APN 0129018979 and zip code 21502, offers easy access to major transportation routes and a strong local market. This property is ideal for investors seeking a high-return, multi-use asset in a vibrant commercial area.

959 National Hwy, La Vale, Maryland

Location Insight

City
Lavale
County
Allegany
State
Maryland
Latitude
39.645
Longitude
-78.8226
CBSA code
19060
CBSA name
CUMBERLAND, 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
$3,547
$129,900
$196,400
$326,300
-
$129,900
$196,400
$326,300

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