Current Use by Public Records
- Specialty properties
Property Details for 4380 Forbes Blvd
- Year built
- 1984
- Lot size
- 5.52 lot acres
- Property type
- Specialty properties
- Property subtype
- Office Spaces
Description
This exceptional Lanham, Maryland property presents a compelling investment opportunity for owner-users or value-add investors. The 115,831 square foot campus, situated on 5.52 acres, comprises two buildings totaling 115,831 square feet. Building 4400 offers 53,350 square feet, while Building 4380 provides 62,481 square feet of flexible office space. Currently, the property boasts 30% occupancy, with two national credit tenants contributing to existing rental income. The property features 18-foot ceilings, eight dock-high doors, and one loading dock, enhancing its functionality and appeal. Built in 1984, this Class B property is zoned I-E, providing versatility for various uses. Its strategic location offers convenient access to major transportation arteries, including I-495/I-95, Route 50, MD-193 (Greenbelt Road), and the New Carrollton Metro Station, ensuring excellent connectivity. This prime location, combined with the substantial square footage and existing income stream, makes this a rare and attractive investment prospect. The two-story buildings are connected by a party wall. This property offers significant potential for redevelopment and increased profitability. The property's size and location make it ideal for a variety of uses, from creative office spaces to light industrial applications.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lanham
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.833
- Latitude
- 38.9496
