1791 Olive St Capitol Heights, MD 20743
Three adjacent industrial condo units for sale near DC border.
Property Features for 1791 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
A portfolio of three adjacent small bay covered dock industrial condo units is available for purchase in Capitol Heights, Maryland, near the DC border. These industrial condos are suitable for investors aiming to capitalize on increasing industrial lease rates and decreasing industrial inventory, or for a contractor or owner/user requiring conveniently located space in Maryland and Washington, DC. The property features I-2 Zoning for heavy industrial use, abundant surface parking, three loading docks (one per unit), a covered loading area, and a 23-foot ceiling height. The parking lot includes gated security. Unit 1793 is under an NNN lease until 2028. There is sale lease-back potential for units 1789 and 1791, which are fully available for purchase or lease. Sister buildings are also listed on MLS ID MDPG2151134 and MDPG2151124. One of the buildings has the potential to be rented at a market rental rate of $20 per square foot, generating an annual income of $84,980 based on 4,249 square feet, resulting in a 10% cap rate. All estimates should be verified.
Location Intelligence
Current Use by Public Records
Specialty properties
Location Insight
- Map
- Local Demand
- City
- Capitol Heights
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9294336
- Latitude
- 38.9129352
Nearby Similar for Sale
FAQs
What type of property is this?
Specialty property - Three adjacent industrial condo units for sale near DC border.
Where is this specialty property located?
The property is located at 1791 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 with covered dock loading.; - Rare I-2 Zoning for heavy industrial use.; - Convenient location near the DC border in Capitol Heights, Maryland.