1789 OLIVE ST new to site Save Request In-Person Tour Request Virtual Tour
Capitol Heights,MD 20743
$ 6400
- Bed
- Bath
4307 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Rent
Square Footage 4,307 sqft
MLS Listing ID MDPG2160188
Year Built 1951
Property Sub-Type Industrial
Source BRIGHT
Property Description
Legacy Plus Group is excited to offer this unique opportunity to lease a single unit with a total of 4,307SF of usable space and 23-foot ceiling clearance. The sister building, 1791 Olive St, is also available for lease at the SFP of $18 NNN. The total Building SF4,249@$18=$6,373.00 Monthly rent per unit. The units are adjacent, and the combined total space is SF8,555. The bay covered dock industrial condo units for lease in Capitol Heights, Maryland, near the DC border. These industrial condos are perfect for investors looking to take advantage of rising industrial lease rates and shrinking industrial inventory for a contractor or owner/user needing space conveniently located in Maryland and Washington, DC. Hard to find I-2 Zoning for heavy industrial with abundant surface parking, 3 loading docks (1 per unit), covered loading area, 23' ceiling height, parking lot with gated security, Ideal for investor or owner/user. *Sale lease-back potential for 1789 and 1791 units. *NNN lease in place for unit 1793 Is Leased until 2028. All 3 units are adjacent, but currently demised. Hard to find I-2 zoning for heavy industrial uses with abundant surface parking.
Offer Summary, Unit 1789 4,307± SF, Unit 1791 4,249±
SF Unit 1793 3,622± SF *TOTAL 12,178± SF*
This unit has the potential for a rental income of $86,140 annually, based on the area rental estimates of $20 per SF, X 4,307 SF = 86,140.00 CAP RATE of 10%
Sister buildings are also listed on the MLS, with the MLS ID MDPG2151102. MDPG2151124
Location
State MD
County Prince Georges
Zoning I2
Interior
Hot Water Electric,Natural Gas
Cooling Central A/C
Flooring Concrete
Heat Source Electric,Natural Gas
Exterior
Garage Spaces 12.0
Utilities Available Natural Gas Available,Phone,Electric Available,Cable TV,Water Available,Sewer Available,Other
Water Access N
Roof Type Flat
Accessibility 2+ Access Exits
Total Parking Spaces 12
Garage N
Building
Lot Description Adjoins - Open Space
Foundation Concrete Perimeter,Slab
Sewer Private Sewer
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17023792876
Ownership Other