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    5735-5815 Eastern Ave Hyattsville, MD 20782

    For Lease
    Contact for pricing

    Prime Retail Space, 10,000 SF Max

    Lot size:
    95,531 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Riggs Plaza, located at 5735-5815 Eastern Ave in Hyattsville, Maryland, presents a compelling retail investment opportunity. This 95,531 square foot strip center, built in 1968, sits on a 2.83-acre lot and is zoned CSC. The property boasts three suites, offering flexible space options ranging from a minimum of 250 square feet to a maximum contiguous space of 10,000 square feet. Currently, 10,750 square feet of retail space is available for lease. The center enjoys a prominent location in the Chillum submarket of Prince George's County, providing excellent visibility and accessibility. Its strategic position near the border of Maryland and Washington, D.C., ensures a robust customer base. The property's anchor tenant, Giant Foods, further enhances its appeal and draws significant foot traffic. This is an exceptional opportunity to acquire a well-located retail property with significant upside potential in a thriving market. The property's size and layout offer versatility for a variety of retail uses, making it an attractive investment for both established businesses and new ventures. The available space allows for customization to suit individual tenant needs. This is a rare chance to secure a substantial retail presence in a high-demand area.

    Property Features for 5735-5815 Eastern Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    95,531 SF

    Building Details

    Year Built
    1968

    Unit(s) available at that property

    Space
    Space 3
    Size
    250 SF
    Space
    Space 10
    Size
    500 SF
    Space
    Space 8 LL
    Size
    10,000 SF

    HighLights

    • 10,000 SF of ground‑level space.
    • New roll‑up door to be installed by landlord.
    • 2.83‑acre pad site available.
    • Strong tenant mix including Giant Foods, MetroPCS, and Davita.
    • High visibility and multiple access points from Riggs Road (20,000 ADT).
    • Densely populated area with 110,986 households within 3 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hyattsville
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9947052
    Latitude
    38.9605291

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, 10,000 SF Max
    Where is this neighborhood center located?
    The property is located at 5735-5815 Eastern Ave Hyattsville, MD.
    What are key features of this property?
    This property features: 10,000 SF of ground-level space.; New roll-up door to be installed by landlord.; 2.83-acre pad site available.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5735-5815 Eastern Ave Hyattsville, MD 20782
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