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    8826 Washington Blvd Jessup, MD 20794

    Sponsored
    For Sale
    $1,600,000

    ±6,000 SF Office, 2.03 Acres, High Visibility

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a ±6,000 square foot office building situated on a sizable 2.03-acre lot. The property is strategically located on Washington Boulevard in Jessup, Maryland, a highly trafficked area offering excellent visibility. Built in 1972, the existing structure provides immediate income potential or a blank canvas for redevelopment. The property's prime location boasts proximity to significant transportation arteries, including Route 32 and is conveniently located approximately one mile from the National Bus Park and 1.5 miles from Fort Meade/NSA. This makes it an attractive proposition for a variety of uses. Concept plans for hotel development are already in hand, highlighting the significant potential for future growth and increased return on investment. The property's size and location on the busy Route 1 corridor present an ideal redevelopment opportunity for an astute investor seeking to capitalize on the area's strong growth trajectory. The asking price for this remarkable property is $1,600,000. This presents a rare chance to acquire a substantial commercial property in a thriving Maryland location. The property's zoning and potential uses should be independently verified.

    Property Features for 8826 Washington Blvd

    General Information

    Property type
    Land
    Square Feet
    6,000 SF
    Lot Size
    88,427 SF

    Building Details

    Year Built
    1972

    HighLights

    • Hotel development concept plans available.
    • One mile to National Bus Park, 1.5 miles to Fort Meade/NSA.
    • Excellent redevelopment opportunity on high‑traffic Route 1 corridor.
    • High visibility from Route 32.
    Property Profile Location Intelligence

    Current Use by Public Records

    Taqueria la Bendicion ... Taco Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Jessup
    County
    Jessup
    State
    Maryland
    Longitude
    -76.810499
    Latitude
    39.142733

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    FAQs

    What type of property is this?
    Land - ±6,000 SF Office, 2.03 Acres, High Visibility
    Where is this land located?
    The property is located at 8826 Washington Blvd Jessup, MD.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Hotel development concept plans available.; One mile to National Bus Park, 1.5 miles to Fort Meade/NSA.; Excellent redevelopment opportunity on high-traffic Route 1 corridor.
    Request Owner's contact information
    8826 Washington Blvd Jessup, MD 20794
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    Jessup, MD 20794
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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
    8826 Washington Blvd Jessup, MD 20794
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