$ 799,000
-
$799,000
Price -
0
Bed - Bath
-
4,307
SqFt
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About the Listing URLE1 - 3249109,3355582
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 take advantage of rising industrial lease rates and shrinking industrial inventory 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, parking lot with gated security, Ideal for investor or owner/user. *Sale lease-back potential for 1789 and 1791 units. *NNN lease in place for unit 1793 Is Leased until 2028. All 3 units are adjacent, but currently demised. Hard to find I-2 zoning for heavy industrial uses with abundant surface parking. Offer Summary, Unit 1789 4,307± SF, Unit 1791 4,249± SF Unit 1793 3,622± SF *TOTAL 12,178± SF* This unit has the potential for a rental income of $86,140 annually, based on the area rental estimates of $20 per SF, X 4,307 SF = 86,140.00 CAP RATE of 10% Sister buildings are also listed on the MLS, with the MLS ID MDPG2151102. MDPG2151124
Listing Highlights for 1789 Olive St
Status
Active
Days on Site
128
Property Type
Commercial Sale
MLS ®
MDPG2151134
Year Built
1951
Total Square Footage
4,307
Lot/Acreage
N/A
County
Prince Georges
School District
Prince George's County Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air,Baseboard - Hot Water
- Fireplaces:
- Floor: Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Adjoins - Open Space,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 11
- Zoning: In Prince George's County, Maryland, the I-2 zoning district is designated for heavy industrial uses that may not be compatible
- Roof: Flat
- Others:
- Sewer: Private Sewer
- Parking Features: Private,Fenced,Surface,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $6,997
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
1789 Olive St Capitol Heights, MD 20743
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