1331 Chillum RdChillum, MD 20782

Property Details for 1331 Chillum Rd

Year built

1967

Construction

BRICK

Lot size

0.27 AC

Property size (Sq ft)

2,708 SF

Zone code

CGO

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

17-1943992

APU

171943992

Description

This exceptional sublease opportunity presents a 3,200+ square foot retail space located at 1331 Chillum Road in Hyattsville, Maryland. Previously occupied by a 7-Eleven, this single-tenant property in Prince George's County offers immediate occupancy and a sublease term extending through October 31, 2027. The space is categorized as a convenience store and is zoned CSC, making it suitable for a variety of retail or service businesses. The property boasts a highly desirable location on Chillum Road, ensuring excellent visibility and access to a substantial customer base due to the high traffic volume. The space comes fully equipped with a built-in cooler, representing a significant advantage for prospective tenants. This turnkey solution eliminates the need for extensive renovations or equipment purchases, allowing for a swift and efficient business launch. The property's address is 1331 Chillum Road, Hyattsville, MD 20782. Its convenient location and existing infrastructure make this an unparalleled opportunity for entrepreneurs seeking a well-established retail space in a thriving community. The property's geographic coordinates are latitude 38.9578314 and longitude -76.9865729.

• CAP approach

  CAP return

  Valuation

  6%

  $842,982

  6.5%

  $778,137

  7%

  $722,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $516,962

  Geo Method

  $1,139,703

• Alternative Use

  Use

  Valuation

  Residential

  $656,388

  Hospitality

  $601,248

  Educational

  $500,231

  Medical

  $517,435

  Retail

  $778,137

Location Insight

City

Hyattsville

County

Prince George's

State

Maryland

Latitude

38.9579

Longitude

-76.9865

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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