Property profile

5061 Allentown Rd Suitland, MD 20746

OFF-MARKET
Retail space
Property ID
US40-2397419
4,860 SF 0.71 ac lot Built 1973
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 5061 Allentown Road in Suitland, Maryland, presents a unique investment opportunity. Boasting 4,860 square feet of well-maintained space on a 0.71-acre lot, this property benefits from a prime location with excellent visibility and high traffic volume, ensuring strong potential for a variety of retail businesses. The building itself is in excellent condition, having undergone continuous updates to maintain its appeal and functionality. The asking price is $2,500,000. While the current inventory, furniture, and fixtures are not included in the sale price, these assets are available for separate negotiation, offering a potential buyer added flexibility and value. This property's strategic location and attractive features make it an ideal investment for savvy entrepreneurs seeking a thriving retail space in a high-traffic area. The substantial size of the lot also offers potential for future expansion or development, depending on local zoning regulations and approvals. Serious inquiries are encouraged to explore this promising opportunity further. Detailed financial statements and property information are available upon request.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,860 SF
Lot 0.71 ac (30,838 SF)
Zoning code CGO
APN 06-3650918
UPID US40-2397419

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Hair Salon
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Clothing Store

Location

5061 Allentown Rd Suitland, MD 20746-4172
Suitland metro Census 801904 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$431k
Blend (final) Blend
$720k

Owner & transaction history

since 2021
Last sale
$585,000
3 recorded transactions
2021
Price N/A
2005
$585,000
1969
Price N/A

Zoning & alternative use

CGO · Suitland, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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