5801 Cleveland Ave Riverdale, MD 20737-1927
- Specialty properties
- 6,419 SF
- 0.98 lot acres
Current Use by Public Records
- Isalis / Jewelry Store / Gift Shop
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 5801 Cleveland Ave
- Year built
- 1910
- Construction
- BRICK
- Lot size
- 0.98 lot acres
- Property size
- 6,419 SF
- Zone code
- LMUTC
- Property type
- Specialty properties
- APN
- 19-2165769
- APU
- 192165769
Description
This exceptional 17,695-square-foot retail property in Riverdale Park, Maryland, presents a unique investment opportunity. Situated on a 0.98-acre lot (APN 17192165769) in Prince George's County, this Class A building boasts a versatile layout ideal for various businesses. The property comprises a 7,000-square-foot, three-story building previously used as a funeral home, complete with specialized equipment, and a spacious 10,000-square-foot, two-level warehouse featuring 18-foot ceilings and four 18'x8' drive-in bays. The warehouse offers 5,000 square feet of ground-level garage space and an additional 5,000 square feet of open second-floor storage accessible via a lift. Built in 1910, the property includes 38 dedicated parking spaces and is equipped with elevators. Zoned LMUTC, it allows for a wide range of uses, including dealerships with repair services, auto parts retail and storage, contractor warehouses, funeral homes, general retail, office space, and professional services. Prospective tenants should verify square footage and permitted uses. This property offers significant potential for a discerning tenant seeking a unique and adaptable space in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,405,000
- 6.5%
- $2,595,000
- 7%
- $2,635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,615,000
- Geo Method
- $2,485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,330,000
- Retail
- $2,340,000
- Mixed-Use
- $2,325,000
- Hospitality
- $2,775,000
- Educational
- $2,425,000
- Residential Income
- $2,190,000
- Energy
- $2,370,000
- Income-Based Land
- $2,910,000
- Food Service
- $2,205,000
Location Insight
- Map
- Local Demand
- City
- Riverdale
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9387
- Latitude
- 38.9587
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
