$ 1,790,000
-
$1,790,000
Price -
0
Bed - Bath
-
3,023
SqFt
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About the Listing RMAX34 - 3057713
π¨ PRIME DEVELOPMENT OPPORTUNITY β 1.29 ACRES π¨ Option 1, PORTFOLIO SALE β 6 LOTS | COMMERCIAL & RESIDENTIAL MIX Unlock the full potential of 7300 Martin Luther King Jr. Highway, a highly visible 1.29-acre portfolio offering a rare mix of commercial and residential properties in a prime Prince Georgeβs County location. Property Overview: β 6 LOTS SOLD TOGETHER β A unique investment package featuring: One standalone commercial building (formerly J&J Transmission) Two single-family homes with rental income potential Total land area: 1.29 acres β Zoning Flexibility β Newly designated RMF-20 & RSF-65 zoning allows for a variety of uses: Retail & Restaurants (Starbucks or equivalent) Office Space & Convenience Stores Multifamily or Townhome Development β Prime Location & Accessibility β Strategically positioned on MLK Jr. Highway, just south of Landover Road (MD 202), with: High traffic flow & excellent visibility WMATA bus stop on-site (A12 & F12 routes) Surrounded by businesses, churches, and residential communities Endless Development Potential: π’ Commercial Expansion β Develop a high-traffic retail hub while keeping rental income from existing homes. π‘ Residential Growth β Build a modern townhome community in a sought-after location. π‘ Mixed-Use Possibilities β Create a live-work-play environment with shops and housing. π’ Investors & Developers β This is your chance to transform a high-potential site into a thriving destination! Option 2. Own a shipping business and need storage space? Convert this standalone commercial building into a warehouse while continuing to rent out the two existing homes for steady income! π° Rental Income Potential: π‘ 2-Bedroom Home: $1,900/month π‘ 5-Bedroom Home: $2,800/month β Total Annual Rental Income (Homes): $56,400 π’ Flex Space Rental (After Renovation): πΌ $8Kβ$10K/month β Total Annual Rental Income (Flex Space): $96,000+ π Potential Annual Income: Over $150K! If you don't want to purchase the other properties together, you can choose to purchase just 7300 Martin Luther King Jr Hwy separately for $1.2 million. π Contact us today to explore the possibilities!
Listing Highlights for 7300 Martin Luther King Jr Hwy
Status
Active
Days on Site
180
Property Type
Commercial Sale
MLS ®
MDPG2144528
Year Built
1940
Total Square Footage
3,023
Lot/Acreage
0.36
County
Prince Georges
School District
Prince George's County Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 30
- Zoning: RMF20
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Private,Parking Lot,On Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $4,500
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
7300 Martin Luther King Jr Hwy Hyattsville, MD 20785
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