1793 OLIVE ST, Capitol Heights, MD 20743
1793 OLIVE ST, Capitol Heights, MD 20743
1793 OLIVE ST, Capitol Heights, MD 20743
1793 OLIVE ST, Capitol Heights, MD 20743
1793 OLIVE ST, Capitol Heights, MD 20743
1793 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 MDPG2151102

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

Total Units 1

Short Sale No

Originating MLS BRIGHT

Property Description

Legacy Plus Group is excited to offer this unique opportunity to purchase a portfolio of three rare adjacent properties with loading 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. Ideal 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.
*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 Value/ $2,500,000 Income /$217,133.74 /Return = 9% (based on the current market, prices may change depending on the location and condition)
Please don't disturb the tenant; all appointments must be confirmed. The buyer must do the due diligence 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 Natural Gas, Electric

Cooling Central A/C

Inclusions The property is tenant occupied with a NNN lease until 2028 and will be subject to tenant lease terms.

Equipment None

Heat Source Natural Gas, Electric

1-purchase type For Sale

Exterior

Garage Spaces 7

Utilities Available Phone, Natural Gas Available, Phone Connected, Sewer Available, Water Available

Waterfront N

Water Access N

Accessibility 2+ Access Exits, Ramp - Main Level, Other

Parking Type Parking Lot

Total Parking Spaces 7

Building

Lot Description Adjoins - Open Space, Private, Level

New Construction N

Foundation Slab, Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

School District Prince George'S County Public Schools

Others

Tax Amount $5,885

Tax Year 2024

Tax ID 17023792892

Ownership Condominium

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

Special Sale Standard

Bright MLS (BMLS)
Listed by Mr. Jose Guzman • Pearson Smith Realty, LLC

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1793 OLIVE ST