100-102 S Washington Blvd Local commercial 620 m² 100 % Loué À vendre Laurel, MD 20707 1 182 897 € (1 906,93 €/m²)

Feldman Ruel is pleased to offer for sale Washington & Main, a 100%-occupied, multi-tenant, retail property located at the signalized intersection of U.S. Route 1 and Laurel’s Historic Main Street. The subject properties are comprised of two buildings and a surface parking lot which is shared by all tenants. The first building (Building 1) includes three retail units, two of which are occupied by Angie's Fashion, and one by PHD Salon. The second building (Building 2) includes two retail units each occupied under a single lease. The tenant operates Dulce Tentacion Paleteria, serving specialty Latin desserts on the first level, and a beauty salon on the second level. Positioned within Laurel’s Historic District No. 1, Washington & Main provides flexibility for a purchaser to occupy one or multiple units over time while benefiting from the existing cash flow. As PHD Salon's lease is month-to-month and at a below-market rent, additional upside may be achieved by retenanting that unit or renewing the current tenant at a longer term and at market rent. There is also significant upside in negotiating market-rate leases for all other units as leases roll over since all tenants are currently paying below-market rents.