1789 Olive St Capitol Heights, MD 20743
Three adjacent industrial condo units with loading dock for sale.
Property Features for 1789 Olive St
General Information
- Property type
- Industrial
- Standard status
- Active
Building Details
- Year built
- 1951
Source:
Elliman
Listing Agent: Joseph Luis Guzman Jr.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Industrial Condos Near DC Border
A portfolio of three adjacent industrial condo units is available for purchase in Capitol Heights, Maryland, near the DC border. These industrial condos are suitable for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory, or for an owner-occupier or contractor needing space conveniently located 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, a 23-foot ceiling height, and a gated, secure parking lot. The total area of the units is approximately 12,178 square feet, with Unit 1789 offering 4,307 square feet, Unit 1791 offering 4,249 square feet, and Unit 1793 offering 3,622 square feet. Unit 1793 is currently leased until 2028 under a NNN lease. There is sale lease-back potential for units 1789 and 1791. The gross income for Unit 1793 is $75,759.67, with a value of $833,000, resulting in a 9% capitalization rate. All three units are adjacent but currently demised.
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
Public Storage, Self Storage Plus, Cube Smart Self Storage, Self Storage Plus, Extra Space Storage
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?
Warehouse - Three adjacent industrial condo units with loading dock for sale.
Where is this warehouse located?
The property is located at 1789 Olive St Capitol Heights, MD.
What is the asking price?
The asking price for this property is $833,000.
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.; - Includes three loading docks (one per unit) and a covered loading area.
