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Listed by Mr. Jose Guzman • Pearson Smith Realty, LLC

$833,000

Est. payment - /mo

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1791 OLIVE ST Capitol Heights, MD 20743

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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDPG2151124

Year Built 1951

Annual Tax Amount $6,903

Tax Year 2024

Property Sub-Type Industrial

Source BRIGHT

Property Description

Legacy Plus Group is excited to offer this unique opportunity to purchase a portfolio of three rare adjacent small bay covered dock industrial condo units for sale in Capitol Heights, Maryland, near the DC border. These industrial condos are perfect for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory, and for a contractor or owner/user needing space conveniently located in Maryland and Washington, DC. Hard to find I-2 Zoning for heavy industrial with abundant surface parking, 3 loading docks (1 per unit), covered loading area, 23' ceiling height, and a gated, secure parking lot. Ideal for an investor or owner/user.
*Sale lease-back potential for 1789 and 1791 units is fully available for purchase or lease.
* Unit 1793 is on an NNN lease until 2028. The sister buildings are also listed on MLS ID MDPG2151134. MDPG2151124
This building has the potential to be rented by a market rental of( IVR) $76,800/833,000 = 9% CAP RATE
Please do your own due diligence before considering making an offer. The buyer must verify all information before submitting an offer.
PORTFOLIO PURCHASE OF ALL THREE PROPERTIES TOTAL PRICE OF ($2,500,000.00)

Location

State MD

County Prince Georges

Zoning I2

Interior

Hot Water Electric, Natural Gas

Cooling Central A/C

Flooring Concrete

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 11.0

Utilities Available Natural Gas Available, Cable TV, Electric Available, Phone Connected

Water Access N

Roof Type Flat,Metal

Accessibility >84\" Garage Door, 48\"+ Halls

Total Parking Spaces 11

Garage N

Building

Lot Description Adjoins - Open Space

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Prince George'S County Public Schools

Others

Tax ID 17023792884

Ownership Condominium

Acceptable Financing Conventional, Lease Purchase, Private, Seller Financing, Other

Listing Terms Conventional, Lease Purchase, Private, Seller Financing, Other

Financing Conventional,Lease Purchase,Private,Seller Financing,Other

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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1791 OLIVE ST Capitol Heights, MD 20743

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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1791 OLIVE ST