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33216443
33216442

2242 OLD WASHINGTON RD, WALDORF, MD 20601-3174 For Sale

PK
FL 3235872
Marcus & Millichap - Fort Lauderdale
AS
FL 3429070, GA
Marcus & Millichap - Fort Lauderdale
KH
MA License: 9537549
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$75,000
55 days on market
Updated 55 days ago
Opportunity zone

$1 Auction – Washington D.C. MSA | 4,372 SF Retail Building

Details
APN 06085997
Property Type Retail, Office
Sub Type Storefront, Traditional Office (+1)
Square Footage 4,372
Net Rentable (SqFt) 4,372
Units 1
Tenancy Vacant
Year Built 1978
Buildings 1
Stories 1
Acreage 0.460
Zoning CC
Ground Lease No

ABSOLUTE $1 AUCTION | Washington D.C. MSA | 4,372 SF Freestanding Building | AUCTION JULY 13-15

Marketing description

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Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail/office property located at 2242 Old Washington Road in Waldorf, MD 20601 (the “Property”). Formerly occupied by a veterinary clinic and boarding facility, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for both owner-users and investors to acquire a high-visibility asset situated within a well-trafficked commercial corridor. FIRST BID MEETS RESERVE!

Originally constructed in 1978, the Property consists of a ±4,372 square feet building situated on a ±0.46 acres (±19,950 SF). The site provides 14 parking spaces and partially fenced rear area. Positioned along Old Washington Road, the site benefits from traffic counts of 7,872 vehicles per day and one block east of Crain Highway with traffic counts of 88,583 vehicles per day. The Property includes a highly functional animal care buildout with exam rooms, treatment and surgical areas, kennel/boarding rooms, grooming/laundry support space, offices, reception, and a fenced rear yard, making it well suited for an owner-user, veterinary operator, medical/service provider, or adaptive reuse. Located along Old Washington Road in Charles County’s largest commercial and residential hub, the asset benefits from proximity to Washington, D.C., strong household incomes, and a growing suburban consumer base. Zoned Community Commercial (CC), the Property can accommodate a wide variety of retail, office, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.

Waldorf, Maryland is a well-established Southern Maryland submarket within commuting distance of Washington, D.C. (±30-miles), offering investors access to a large suburban consumer base in one of the region’s more affluent markets. Located in Charles County, Waldorf benefits from strong household incomes, continued mixed-use growth along Route 301(aka Crane Hwy) and Route 5 corridor, and expanding commercial investment that reinforces its role as the county’s primary retail and service hub. Charles County is part of the Washington DC metro area and one of Maryland’s most affluent markets, while major projects like Waldorf Station (proposed site 0.7-miles from Property) highlight ongoing retail, office, hotel, and residential development momentum. The area benefits from proximity to several major big box retail demand drivers, including J Lowe’s, Sam’s Club, Home Depot, Walmart, CVS, Burger King, Costco, Target, BJ’s Wholesale Club, and numerous others. The surrounding trade area is supported by ±34,575 residents within a 3-Mi radius and ±91,259 residents within a 5-Mi radius, with average household incomes of approximately $124,369 and $131,545, respectively, providing a stable consumer base for retail and service-oriented businesses.

Investment highlights

  • ABSOLUTE $1 AUCTION | Washington D.C. MSA | 4,372 SF Freestanding Retail Building | AUCTION JULY 13-15
  • ±4,372 SF Value-Add Retail/Office (Former Veterinary Clinic and Boarding Facility) on 0.46-Acres available at Significant Discount Below Replacement Cost
  • ±88,583 VPD Traffic Counts on Crain Hwy and Direct Access on Old Washington Road with 7,872 VPD
  • Neighboring National Retailers: Lowe’s, Sam’s Club, Home Depot, Walmart, CVS, Burger King, Costco, Target, numerous QSRs, and more
  • Affluent Demographics with 5-Mile Population of ±91,259 People with Annual Household Income of $131,545
  • Zoned Community Commercial (CC) allowing Flexibility and a Variety of Permitted Uses
  • 5.4% Population Growth from 2020-2025 and 3.72% Growth Projected from 2025-2030 (3-Mile Radius)
  • Absolute $1 Auction – NO RESERVE!

Listing Contacts

PK
FL 3235872
Marcus & Millichap - Fort Lauderdale
AS
FL 3429070, GA
Marcus & Millichap - Fort Lauderdale
KH
MA License: 9537549
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Additional Information

Name
Brian Hosey
License
MD License: 5005538
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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