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    Retail properties & Spaces

    5404 Marlboro Pike, District Heights, MD 20747

    Built 1986
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 5404 Marlboro Pike in Prince George's County, Maryland, a high-traffic area with excellent visibility. The property, built in 1986, offers two distinct leasing options. First, a 1,850 square foot space, previously a hair salon, is available for lease starting June 30, 2024. Secondly, a 3,000 square foot drive-through pad is available for redevelopment, presenting a unique chance to create a customized retail space. This prime location benefits from its proximity to major thoroughfares, including Marlboro Pike (22,643 ADT), Brooks Drive (14,833 ADT), Walker Mill Road (22,940 ADT), and Pennsylvania Avenue (25,821 ADT), ensuring high daily traffic counts and significant exposure to potential customers. The area boasts a dense population of 180,000 within a three-mile radius, providing a substantial customer base. Furthermore, the property is conveniently located near several established shopping centers, including The Shops at District Heights (90,000 square feet GLA), Penn Station (245,000 square feet GLA), and Silver Hill Plaza (120,000 square feet GLA), offering synergistic benefits and increased foot traffic. This property is ideal for a variety of retail uses and presents a compelling investment opportunity in a thriving commercial area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1986
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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