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Joseph Martin

Menkiti Group

jmart561@pm.me +1(561) 716-5970

Listed by Jose L Guzman • United Real Estate

$ 6,373

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New

1791 OLIVE ST Capitol Heights, MD 20743

4,249 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Rent

Square Footage 4,249 sqft

MLS Listing ID MDPG2160198

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 4,249SF of usable space and 23-foot ceiling clearance. The sister building, 1789 Olive St, is also available for lease at the SFP of $18 NNN. The total Building SF4,307@$18=$6,400 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 Natural Gas, Electric

Exterior

Garage Spaces 12.0

Utilities Available Natural Gas Available, Cable TV, Electric Available, Phone Connected

Water Access N

Roof Type Flat,Metal

Accessibility 2+ Access Exits

Total Parking Spaces 12

Garage N

Building

Lot Description Adjoins - Open Space

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Prince George'S County Public Schools

Others

Tax ID 17023792884

Ownership Other

Miscellaneous Parking,Sewer,Water,Common Area Maintenance