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Property profile & analytics
FOR LEASE
Grocery and convenience stores

2950 Donnell Dr Forestville, MD 20747

59,196 SF 10.33 ac lot Built 1997
Entity Owned 1-yr Hold Free & Clear
Property ID
US40-1232016
Property summary
AI-generated overview

Penn Mar Shopping Center, located at 2950 Donnell Dr, Forestville, MD 20747, presents a compelling investment opportunity in a thriving Prince George's County retail market. This established shopping center offers a total of 378,205 square feet of retail space, divided into ten suites. The property boasts a diverse range of tenancy options, making it ideal for a variety of businesses. Currently, there are 24,668 square feet of vacant space available, offering significant potential for expansion and customization. Units range in size from a minimum of 1,196 square feet to a maximum contiguous space of 5,865 square feet, providing flexibility for businesses of various scales. The property's strategic location in Forestville, Maryland ensures high visibility and accessibility for customers. This is an exceptional opportunity to acquire a well-positioned retail center with significant upside potential. The property is currently available for lease, offering a chance to secure a prime location in a growing market. Interested parties are encouraged to inquire for further details and leasing options. The property's address is easily accessible and well-suited for a variety of retail uses. The available space presents a unique opportunity to establish or expand a business within a well-established shopping center.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1997
Construction BRICK
Total area 59,196 SF
Lot 10.33 ac (449,863 SF)
Zoning code CGO
APN 06-3763729
UPID US40-1232016
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Penn Mar Improvements LLC · 1 yrs held
Penn Mar Improvements LLC
since 2024
Last sale
$2.6M
3 recorded transactions
2024
$2.6M
2024
$65.9M
2011
$57.9M
Zoning & alternative use
CGO · District Heights, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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