3005 Solomons Island Rd
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3005 Solomons Island Rd
1,500 SF Retail Building Edgewater, MD 21037 $2,450,000 ($1,633/SF)
Investment Highlights
- Former bank building with 2 active drive thru lanes
- Daily traffic count of +/- 45,000 cars per day
- 215 feet of frontage directly along Route 2
Executive Summary
Single tenant NNN lease in-place with licensed cannabis dispensary with new 5 year extension that commenced 11/1/2024.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,500 SF
Building Class
C
Year Built
1979
Price
$2,450,000
Price Per SF
$1,633
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.52 AC
Zoning
C3 - general commercial district that allows for larger shopping centers and strip commercial development along major roadways
Parking
19 Spaces (12.67 Spaces per 1,000 SF Leased)
Frontage
94 FT on Solomons Island
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-000-90027713 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,306,667 |
PROPERTY TAXES
Parcel Number
01-000-90027713
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,306,667
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3005 Solomons Island Rd
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