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602 Montgomery StreetLaurel, MD 20707Price: $1,295,000

  • Price: $1,295,000
  • 209 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jul 9, 2026
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602 Montgomery Street Laurel MD 20707602 Montgomery Street Laurel MD 20707602 Montgomery Street Laurel MD 20707602 Montgomery Street Laurel MD 20707602 Montgomery Street Laurel MD 20707602 Montgomery Street Laurel MD 20707
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  • 0.16Acreage
  • 1947Year Built
  • LaurelUsmArea
  • 209Price Per Square Foot
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.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.
Listed by Noemy M Conaway of Samson Properties

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Railey Vacations

Your Local Office

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Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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Location Information

  • UsmAreaLaurel

Parking

  • Parking FeaturesUnassigned
  • Parking TypesDriveway, On Street, Parking Lot

Basic Information

  • Date Listed12/18/2025

Location

  • Address602 Montgomery Street
  • Building Number602
  • CountyPrince Georges
  • Cross Street6th Street
  • DirectionsDirections 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 will be on your right.
  • In City Limits YNYes
  • IncorporatedcitynameLaurel
  • StateMD
  • SubdivisionLaurel Park
  • TownLaurel
  • Zip20707

Utilities

  • Central Air YNYes
  • CoolingWindow Unit(s), Central A/C
  • Cooling FuelElectric
  • Heat System90% Forced Air, Central
  • Heating FuelOil
  • Heating YNYes
  • SewerPublic Sewer
  • UtilitiesCable TV Available, Multiple Phone Lines, Natural Gas Available
  • Water HeaterElectric
  • Water SourcePublic

Basic Information

  • Broker NameSamson Properties
  • List Price$1,295,000
  • LocationTypeFree Standing
  • MLS NumberMDPG2186352
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot209
  • StatusACT
  • Units2

Building

  • Building Area SourceAssessor
  • Building Area Total6185
  • Construction MaterialsBrick, Block, Vinyl Siding
  • FoundationBrick/Mortar
  • Stories2
  • Total Garage And Parking Spaces20
  • Year Built1947

Interior

  • FlooringVinyl, Wood

Exterior

  • RoofTar/Gravel

Property Information

  • Municipal Trash YNYes

Amenities

  • Accessibility Amenities32"+ wide Doors

Legal

  • LandusecodeC
  • PossessionSettlement
  • Sale TypeStandard

Tax Information

  • Assessment Year2025
  • City Town Tax$4,257
  • City Town Tax Payment FrequencyAnnually
  • County Tax$5,840
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$599,600
  • Tax Lot13
  • Tax Year2025
  • Taxes$11,044
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.16
  • Business TypeDay Care Facility, Hair Salon and Spa, Other/General Retail, Restaurant/Bar, Banquet Facility/Lodge, Professional
  • Lot DescriptionAdjoins - Open Space
  • Lot Size SourceAssessor
  • Lot Size Square Feet7,023
  • New Construction YNN
  • Property ConditionGood
  • Property SubTypeMixed Use
  • Road ResponsibilityCity/County
  • Road Surface TypeBlack Top
  • ZoningLAUR
  • Zoning DescriptionCommercial-Mixed use

Other

  • View Count1

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 14, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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