5051 Greenbelt RdCollege Park, MD 20740

Property Details for 5051 Greenbelt Rd

Year built

1956

Construction

BRICK

Lot size

0.27 AC

Property size (Sq ft)

2,400 SF

Zone code

CGO

Property type

Retail properties

Property subtype

Retail space

APN

21-2421709

APU

212421709

Description

This exceptional 2,400 square foot retail space is located at 5051 Greenbelt Road in College Park, Maryland, zip code 20740. The property boasts a prime location with excellent visibility, situated on a sizable 8,080 square foot lot. The building is a two-story structure, currently entirely vacant and ready for immediate occupancy. The single-tenant space offers significant potential for a variety of retail businesses. Its strategic location provides convenient access to Kenilworth Avenue and Route 1, ensuring high traffic volume. Data indicates a daily traffic count of 40,101 vehicles, presenting a substantial opportunity to reach a large customer base. The property is situated in Prince George's County and offers a unique chance to establish a thriving retail presence in a bustling area. The entire 2,400 square feet is available for lease, providing ample space for a variety of retail concepts. This is a rare opportunity to secure a prominent retail location in a high-traffic area with excellent visibility and convenient access to major roadways. The property's size and location make it ideal for a wide range of retail businesses seeking a strong presence in College Park.

• CAP approach

  CAP return

  Valuation

  6%

  $747,103

  6.5%

  $689,634

  7%

  $640,374

• Comparable approach

  Method

  Valuation

  Relative Method

  $458,164

  Geo Method

  $1,010,076

• Alternative Use

  Use

  Valuation

  Residential

  $581,732

  Hospitality

  $532,863

  Educational

  $443,336

  Medical

  $458,583

  Retail

  $689,634

Location Insight

City

College Park

County

Prince George's

State

Maryland

Latitude

38.9978

Longitude

-76.9237

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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