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Expansive Second Floor Commercial Opportunity - Leonardtown | ±3,500 SF Now available for lease, Suite 201 at 40855 Merchants Lane offers a rare opportunity to occupy the entire second floor of a well-located professional building in Leonardtown. Encompassing approximately 3,500 square feet, this space is delivered as an unfinished shell, providing a true blank canvas for a wide range of uses including professional office, medical, wellness, retail, or service-based businesses. The open layout allows for full customization and the potential to design a single-user layout or subdivide into multiple suites. The second floor is accessible via two stairwells, enhancing functionality and flow. The building is also designed with space allocated for a future elevator, offering long-term accessibility potential. Entry is provided through a charming foyer on the north side of the building, creating a welcoming and professional presence. The property is home to established tenants including physical therapy, pediatrics, and insurance services, providing consistent daily traffic and a strong professional environment. This space is offered with traditional commercial lease structure, with the tenant responsible for NNN expenses. A Tenant Improvement (TI) allowance is negotiable, with buildout considerations to be reflected in lease terms. Conveniently located just minutes from downtown Leonardtown and major commuter routes, this property offers excellent access, visibility, and positioning within one of St. Mary's County's most desirable commercial corridors. Highlights: ±3,500 SF - entire second floor Unfinished shell - fully customizable Ideal for office, medical, wellness, retail, or service use Two stairwell access points Designed for future elevator installation Welcoming foyer entrance on north side Traditional commercial lease (Tenant pays NNN) Tenant Improvement allowance negotiable Established co-tenants generating steady traffic Prime Leonardtown location An outstanding opportunity to design and build out your ideal space in a growing and professionally anchored setting.
| DAYS ON MARKET | 0 | LAST UPDATED | 4/21/2026 |
|---|---|---|---|
| YEAR BUILT | 2006 | COUNTY | SAINT MARYS |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | ST. MARY'S COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| CONSTRUCTION | Brick Veneer |
| HEAT | Electric, Heat Pump |
| LOT | 0.97 acre(s) |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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