1789 Olive St Capitol Heights, MD 20743
Three adjacent industrial condo units for sale near DC border.
Property Features for 1789 Olive St
General Information
- Standard status
- Active
Source:
Exprealty
Listing Agency: Pearson Smith Realty, LLC Listing Agent: Jose L Guzman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Rare Industrial Condo Portfolio
This is a 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. The industrial condos are ideal for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory, or for a contractor or owner/user needing space conveniently located in Maryland and Washington, DC. The property features I-2 zoning for heavy industrial uses with abundant surface parking, 3 loading docks (1 per unit), a covered loading area, and a 23’ ceiling height. The parking lot has gated security. The total area of the three units is approximately 12,178 square feet. Unit 1789 has 4,307 square feet, Unit 1791 has 4,249 square feet, and Unit 1793 has 3,622 square feet. All 3 units are adjacent but currently demised. Unit 1793 is leased until 2028 under a NNN lease. There is sale lease-back potential for units 1789 and 1791. Unit 1789 has the potential for a rental income of $86,140 annually, based on area rental estimates of $20 per square foot.
Location Intelligence
Current Use by Public Records
Warehouses
Location Insight
- Map
- Local Demand
- City
- Capitol Heights
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9293165
- Latitude
- 38.912855
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Three adjacent industrial condo units for sale near DC border.
Where is this industrial property located?
The property is located at 1789 Olive St Capitol Heights, MD.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: - Portfolio of three adjacent industrial condo units totaling 12,178± SF.; - Rare I-2 zoning for heavy industrial use with abundant surface parking.; - Convenient location in Capitol Heights, MD, near the DC border.