24509 Point Lookout Rd

Investment Highlights

5155 SF +/- Commercial Space (2 Buildings) w/ 2nd Floor Apartment Two (2) Parcels: 2.30 Acres +/- w/ 325 LF of Road Frontage On/Off Sale Unrestricted Liquor License CMX (Corridor Mixed Use) Zoning Investment or Redevelopment Opportunity Public Sewer

Executive Summary

MOTIVATED SELLER: Two (2) Mixed Use Buildings situated on 2.3 Acres in Saint Mary's County (only minutes from Downtown Leonardtown). Two (2) Parcels Included (St. Mary's Tax ID(s): 03-030407 and 03-008096. 5,155 SF of commercial space with a 2nd floor apartment. The site has public sewer from METCOM (St. Mary's County) and water is provided by a private well. There is a potential opportunity to annex into the Town of Leonardtown, if desired by the Buyer. AADT (2020) on Point Lookout Road to the north of this site at St. Andrew's Church Road is 20,602 and to the south of th2e site at the next intersection (Medley's Neck Road) is 12,035 according to the Maryland Department of Transportation. On/Off Sale Liquor License. All Furniture, Fixtures and Equipment Convey As Part of Sale (except a few identified items by Seller - exclusion list to be provided upon request). Seller just completed over $50,000 of interior renovations and insurance work due to frozen water pipe in main building. Property Zoned CMX (Corridor Mixed Use) w/ Public Sewer & Private Well. Large Parking Lot.Property being sold strictly ?AS IS?. Sellers represents that the existing roof is currently leaking and needsreplacement. Sellers also represents that two (2) HVAC split units were installed in August 2023.Rear Building has a leaking roof and potential structural issues. Mold has developed. Enter rear building at your own risk.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    4,371
• Building Class    C
• Year Built    1907
• Price    650,000
• Price Per SF    149
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.04
• Land Acres    2.30 AC