1804 University E Blvd Hyattsville, MD 20783-4623
- Automotive properties
- 17,780 SF
- 1.85 lot acres
Current Use by Public Records
- Pep Boys / Auto Repair Shop / Oil Change Service
- Auto Plus Auto Parts / Auto Parts Store
Property Details for 1804 University E Blvd
- Year built
- 1988
- Construction
- BRICK
- Lot size
- 1.85 lot acres
- Property size
- 17,780 SF
- Zone code
- LTOC
- Property type
- Automotive properties
- APN
- 17-1952746
- APU
- 171952746
Description
This exceptional 17,370-square-foot retail property, located at 1804 University Blvd E in Hyattsville, Maryland, presents a unique investment opportunity. Built in 1988, this single-story building sits on a single lot in Prince George's County and currently houses a Pep Boys operation. A significant portion of the space, totaling 8,737 square feet, is currently vacant and available for lease. The existing tenant, Pep Boys, occupies the remaining space and will continue its tire and auto repair operations. The vacant space is divisible, with potential tenant spaces ranging from approximately 3,200 to 11,500 square feet. Ideal uses for the vacant space include, but are not limited to, medical facilities (dialysis or plasma centers), childcare centers, doggie daycares, discount retailers, mattress/furniture stores, tool and hardware stores, and automotive-related businesses that do not directly compete with the existing Pep Boys tire and repair services (e.g., collision centers, auto glass repair, or non-competing auto parts retailers). The property owner is open to negotiating cash allowances, contingent upon a rent structure that ensures a reasonable return on investment. The lease terms are highly flexible, offering significant advantages to prospective tenants. This property offers a compelling combination of location, size, and flexibility, making it an attractive prospect for a variety of businesses. The property's zip code is 20783.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $865,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $705,000
- 6.5%
- $625,000
- 7%
- $720,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $740,000
- Geo Method
- $740,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $680,000
- Retail
- $620,000
- Mixed-Use
- $545,000
- Hospitality
- $570,000
- Educational
- $730,000
- Residential Income
- $675,000
- Energy
- $690,000
- Income-Based Land
- $535,000
- Food Service
- $590,000
Location Insight
- Map
- Local Demand
- City
- Hyattsville
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9799
- Latitude
- 38.9851
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA