1262 Vocke RdLa Vale, MD 21502

Property Details for 1262 Vocke Rd

Year built

1982

Construction

BRICK

Lot size

35.50 AC

Property size (Sq ft)

90,097 SF

Zone code

B

Property type

Retail properties

APN

29-017298

APU

29017298

Description

Country Club Mall, located at 1262 Vocke Rd in La Vale, Maryland (zip code 21502), presents a significant retail investment opportunity. This established shopping mall boasts a total building area of 594,069 square feet, situated on a substantial 46.34-acre lot in Allegany County. Currently, there are 11 available spaces ranging in size from a minimum of 496 square feet to a maximum contiguous space of 90,097 square feet. A substantial 196,886 square feet of vacant space is available for lease, providing flexibility for various retail concepts and expansion opportunities. The property's multiple tenancy structure offers a diverse and established retail environment. The mall's location in La Vale, MD provides excellent access to a significant consumer base. This property is ideal for businesses seeking a prominent presence in a well-established shopping center with ample space for growth and development. The property is classified as retail, specifically a shopping mall, and offers a unique chance to establish or expand a retail presence in a thriving Allegany County market. Interested parties should note the significant size of the available space and the potential for customization to suit individual business needs. The property's substantial lot size also offers potential for future development or expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $24,267,200

  6.5%

  $22,400,500

  7%

  $20,800,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,734,600

  Geo Method

  $18,734,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $43,384,400

  Mixed-Use / Specialty

  $22,441,300

  Hospitality / Lodging

  $16,621,600

  Office

  $22,433,700

  Institutional / Educational

  $23,373,100

  Residential Income

  $27,346,500

  Multifamily

  $32,128,700

  Automotive / Energy

  $20,034,100

  Parking / Income-Based Land

  $6,794,250

  Restaurant / Food Service

  $11,929,500

  Healthcare / Senior Housing

  $22,889,400

Location Insight

City

Lavale

County

Allegany

State

Maryland

Latitude

39.6278

Longitude

-78.8353

CBSA code

19060

CBSA name

CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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