2950 Donnell Dr Forestville, MD 20747
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CGO · District Heights, MDDistrict Heights. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.