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About the Listing SAMP1 - 128060
Portfolio Sale – Prime Mixed-Use Opportunity in Downtown Laurel. An opportunity to acquire a mixed-use portfolio consisting of a fully leased mixed-use building plus two additional contiguous residential lots, all offered together and not to be sold separately. The mixed-use property features three second-floor residential apartments generating rental income, along with a first-floor retail space offering strong visibility and income potential. Ideal for investors seeking steady cash flow with upside. Also included are two separate residential lots located at 601 and 603 Park Avenue, the lots are contiguous providing tremendous development or expansion potential. 601 Park Ave lot: 6,809 sq ft 603 Park Ave lot: 6,371 sq ft. The building is located just minutes from downtown Laurel, this portfolio offers proximity to shops, dining, transportation, and ongoing area growth. A unique opportunity to own income-producing mixed-use real estate plus additional land in a high-demand location.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Commercial Sale
MLS ®
MDPG2186352
Year Built
1947
Total Square Footage
6,185
Lot/Acreage
0.16
County
Prince Georges
Neighborhood
Laurel Park
School District
Prince George's County Public Schools
High School
Laurel
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s),Central A/C
- Heating: 90% Forced Air,Central
- Fireplaces:
- Floor: Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Adjoins - Open Space,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 20
- Zoning: Commercial-Mixed use
- Roof: Tar/Gravel
- Others: Good
- Sewer: Public Sewer
- Parking Features: Unassigned,Driveway,On Street,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $11,044
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
602 Montgomery St Laurel, MD 20707
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