601 Eastern Ave Ne Capitol Heights, MD 20743
Mixed-use property with income potential and adjacent vacant lot.
Property Features for 601 Eastern Ave Ne
General Information
- Standard status
- Active
Building Details
- Year built
- 1969
Source:
Corcoran
Listing Agent: Lorenzo M Wooten Jr.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Property with Redevelopment Potential
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
North East Accounting ...
Accountant
Location Insight
- Map
- Local Demand
- City
- Capitol Heights
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9157042
- Latitude
- 38.8980902
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FAQs
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 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.