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$ 5,500,000
Est. payment | /mo
2.95 Acres Lot
$ 5,500,000
Est. payment | /mo
2.95 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Lot Size 2.945 Acres
MLS Listing ID MDPG2037556
Subdivision Bedford
Short Sale No
Originating MLS BRIGHT
Property Description
Long & Foster Commercial has been retained to offer, Bexley
Place Shopping Center, which represents a rare opportunity to
acquire 27,200 SF neighborhood retail center in the DMV area.
Located in Suitland, Maryland of Prince George's County, approximately 10 miles East of Washington, DC. The property
features 7 fully-leased spaces about a mile off of Interstate
Highway 495 and mere feet from Route 5. This provides key
access to roads with high vehicle traffic, with an easily accessible
and attractive location. Currently, the property is self-managed
featuring an assortment of local tenants. There remains
significant potential to renovate or improve the property to
increase the rental rates for tenants. However, even with the low
rental rates currently offered in the shopping center, this fullyleased property provides the owner with an annual income of
almost $410,000.
The property is being offered at $5,500,000 ($202 PSF)
Place Shopping Center, which represents a rare opportunity to
acquire 27,200 SF neighborhood retail center in the DMV area.
Located in Suitland, Maryland of Prince George's County, approximately 10 miles East of Washington, DC. The property
features 7 fully-leased spaces about a mile off of Interstate
Highway 495 and mere feet from Route 5. This provides key
access to roads with high vehicle traffic, with an easily accessible
and attractive location. Currently, the property is self-managed
featuring an assortment of local tenants. There remains
significant potential to renovate or improve the property to
increase the rental rates for tenants. However, even with the low
rental rates currently offered in the shopping center, this fullyleased property provides the owner with an annual income of
almost $410,000.
The property is being offered at $5,500,000 ($202 PSF)
Location
State MD
County Prince Georges
Zoning CSC
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Lot
Building
New Construction N
Sewer Public Sewer
Water Public
Schools
School District Prince George'S County Public Schools
Others
Tax Year 2021
Tax ID 17060488635
Ownership Fee Simple
Special Sale Standard
testyfx76
Listed by Bakh Safarov • Divaris Real Estate, Inc
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Robert Lucido
Advisor | yjnn 4444789