Mixed-Use Property with Redevelopment
For Sale
$680,000
601 & 605 Eastern Ave Ne, Capitol Heights, MD 20743
Mixed-use property with income potential and adjacent vacant lot.
Property SizeContact for details
Days on Market436
Property Features for 601 & 605 Eastern Ave Ne
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$8,931
Building Details
Year Built
1969
Listing Agency:
MARCUS & MILLICHAP REAL ESTATE
(202) 536-3700
Listed By:
LORENZO M WOOTEN JR. · License #(S):MD:629911,DC:SP98367898
Source:
Corcoran
Added: Jun 12, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP REAL ESTATE
Investment Insights
Based on property information with market context.
Located in Capitol Heights, Maryland, the property at 601-605 Eastern Avenue presents a mixed-use investment opportunity. It comprises a commercial/office building and an adjacent vacant lot in Fairmount Heights. The existing two-story building at 601 Eastern Avenue has approximately 6,336 square feet and a mix of office and residential configurations. The floor plans can accommodate various uses, including medical offices, professional services, or creative workspaces, along with apartment-style rooms. Zoned CGO (Commercial General Office), the building features multiple entrances and open interior space. Originally built in 1969, the building requires cosmetic and systems upgrades. Included in the offering is 605 Eastern Avenue, a 9,705-square-foot vacant lot zoned residentially (RSF65). With street frontage and over 0.22 acres of land, this lot offers development options such as additional parking, future multifamily or residential construction, or green space. The property is near the D.C. line, accessible transit options, and the Addison Road-Seat Pleasant Metro Station, which provides direct access to downtown D.C. The Eastern Avenue corridor is attracting new development activity. This acquisition provides an opportunity to invest in a mixed-use asset with operational upside and redevelopment potential. It can be used as a commercial building with added land value or for a business owner seeking a new space.
Key Highlights
- Mixed‑use investment property with income‑generating commercial/office building and adjacent vacant lot.
- Significant upside through renovations and redevelopment potential.
- Located in an improving Prince George’s County submarket, minutes from Washington, D.C.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 20743, MD
40,709
Population
16,521
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
9.6 sq mi
ZIP Area
4,241
Density / Sq Mi
$76,332
Median Household Income
$47,762
Median Earnings
$1,614
Median Rent
$317,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with income potential and adjacent vacant lot.
Where is this mixed-use property located?
The property is located at 601 & 605 Eastern Ave Ne Capitol Heights, MD.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Mixed‑use investment property with income‑generating commercial/office building and adjacent vacant lot.; Significant upside through renovations and redevelopment potential.; Located in an improving Prince George’s County submarket, minutes from Washington, D.C.
