900 National HwyLavale, MD 21502

Property Details for 900 National Hwy

Year built

1940

Construction

BRICK

Lot size

0.30 AC

Property size (Sq ft)

8,908 SF

Zone code

A

Property type

Retail space

APN

29-006881

APU

29006881

Description

This exceptional commercial property, situated on a 0.6-acre corner lot at 900 & 912 National Highway in Lavale, MD, presents a unique investment opportunity. The property comprises two buildings totaling 19,580 square feet. The main building boasts 14,000 square feet of finished showroom space, thoughtfully distributed across two levels, complemented by a substantial 7,000-square-foot basement. Three loading doors provide convenient access for storage and mechanical systems, suggesting adaptability for various commercial uses. A second building, encompassing 2,500 square feet, offers a blend of finished office space and additional storage areas. Currently, the property provides over 25 parking spaces, ensuring ample accommodation for customers and employees. Its prime location in the heart of Lavale, combined with its versatile layout and significant square footage, makes it ideally suited for a diverse range of commercial or mixed-use ventures. The existing infrastructure and layout offer immediate occupancy potential, while also presenting exciting redevelopment possibilities for ambitious entrepreneurs. This property represents a rare chance to acquire a substantial commercial space in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,116,687

  6.5%

  $2,876,942

  7%

  $2,671,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,488,285

  Geo Method

  $4,488,285

• Alternative Use

  Use

  Valuation

  Residential

  $2,426,808

  Hospitality

  $2,222,943

  Educational

  $1,849,463

  Medical

  $1,913,068

  Retail

  $2,876,942

Location Insight

City

Lavale

County

Allegany

State

Maryland

Latitude

39.6468

Longitude

-78.8197

CBSA code

19060

CBSA name

CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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