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602 Montgomery Street Laurel, MD $ 1,495,000
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$ 1,495,000 Get more info
602 Montgomery Street
$ 1,495,000
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602 Montgomery Street

Laurel, MD, 20707
$ 1,495,000
Bedrooms-- Baths-- Sq 6,185

Monthly Estimate*

$ 9,327

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Commercial Property for sale in Laurel, MD

for $1,495,000. This 6,185 square foot building was built in 1947 on a lot size of 0.16.

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.

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Commercial Active

Price

$ 1,495,000

Property Type

Commercial

Taxes

$ 11,044

Style

Day Care Facility,Hair Salon and Spa,/General Reta

Lot Size

0.16

Year Built

1947

Town/City

Laurel

County/Region

Prince Georges

MLS | Web ID

MDPG2186352
Features
Interior
Heating Fuel Oil
Flooring Vinyl Wood
Hot Water Electric
Total Stories 2
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating 90% Forced Air Central
Cooling Window Unit(s) Central A/C
Utilities Cable TV Available Multiple Phone Lines Natural Gas Available
Possession Settlement
Roof Tar/Gravel
Zoning LAUR
Construction Materials Brick Block Vinyl Siding
Year Built 1947
Property Subtype Mixed Use
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Laurel
Business Type Day Care Facility Hair Salon and Spa Other/General Retail Restaurant/Bar Banquet Facility/Lodge Professional
Accessibility 32 + wide Doors
County PRINCE GEORGES
New Construction N
Property Type Commercial Sale
Subdivision Name LAUREL PARK
Possible Use Commercial Day Care Apartments Church Dry Cleaner Financial Food Market Laundromat Retail
Water Access Y/N N
Status ACTIVE
Directions Directions from I-95/Take I-95 to Exit 33B for MD-198 East toward Laurel/Continue on MD-198 E (Fort Meade Rd) for about 2.5 miles/Turn left onto Montgomery St/Continue straight — 602 Montgomery St wi
City LAUREL
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 7023.00
Tax Annual Amount 11044.0
Property Condition Good
Price Per Sq Ft Total AG 241.71
Acceptable Financing Cash Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://real.vision/602-montgomery-street?o=u
Location Type Free Standing
Standard Status Active
Year Built Source Assessor
Legal Subdivision LAUREL PARK
Tax Lot 13
Association Recreation Fee N
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Exterior
Parking Features Unassigned
Lot Features Adjoins - Open Space
Water Source Public
Type of Parking Driveway On Street Parking Lot
Foundation Details Brick/Mortar
Water View Y/N N
Building Area Total 6185.00
Lot Size Acres 0.16
Road Surface Type Black Top
Lot Size Source Assessor
Waterfront Y/N N
Road Responsibility City/County
Land Assessed Value 117200.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 602
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* Excluded Features
List By
Samson Properties

Broker

noemy@noemysells.com

Email

Affordability Calculator

$10,247
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,327
Monthly Property Taxes
$920
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/17/2025$1,495,000 Listed Price

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602 Montgomery Street, Laurel, MD, 20707 is a Commercial Property for sale at $1,495,000 with 6,185 sqft and a lot size of 0.16. 602 Montgomery Street was built in 1947. The property's zip code is 20707 which is in Laurel, MD

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