1791 OLIVE ST new to site Save Request In-Person Tour Request Virtual Tour
Capitol Heights,MD 20743
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 4,249 sqft
Price per Sqft $188
MLS Listing ID MDPG2151124
Originating Board BRIGHT
Year Built 1951
Annual Tax Amount $6,903
Tax Year 2024
Property Sub-Type Industrial
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 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 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 $20SF X 4,249FS = 84,980 annually, CAP RATE of 10%.
Estimates are based on rental rates of the area, Please do your due diligence to verify all.
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