REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Joseph Martin

Menkiti Group

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

Listed by Mr. Jose Guzman • Pearson Smith Realty, LLC

$ 833,000

Est. payment -/mo

Save

New

1793 OLIVE ST Capitol Heights, MD 20743

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDPG2204806

Year Built 1951

Annual Tax Amount $5,885

Tax Year 2024

Property Sub-Type Industrial

Source BRIGHT

Property Description

Guzman Group is excited to offer this unique opportunity to purchase a portfolio of three rare, adjacent properties featuring loading-dock industrial condo units for sale in Capitol Heights, Maryland, near the DC border. These industrial condos are perfect for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory. Ideal 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, and a gated, secure parking lot. Ideal for an investor or owner/user.
*1789 Fully available Vacant
*1791 Leased until 2031, with an option for an extension
*1793 Is Leased until 2028 with an option for an extension.
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± Leased SQF Market price is $16.00 x 12,178 SQF=$197,229.00-NOI, (CAP=.078% The market prices may change depending on the location and condition)
Please don't disturb the tenant; please confirm all appointments. The buyer must do the due diligence before submitting an offer.
PORTFOLIO OFFER AT -ALL THREE PROPERTIES TOTAL PRICE OF ($2,500,000.00)

Location

State MD

County Prince Georges

Zoning I2

Interior

Hot Water Natural Gas, Electric

Cooling Central A/C

Inclusions The property is tenant occupied with a NNN lease until 2028 and will be subject to tenant lease terms.

Equipment None

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 70.0

Utilities Available Phone, Natural Gas Available, Phone Connected, Sewer Available, Water Available

Water Access N

Accessibility 2+ Access Exits, Ramp - Main Level, Other

Total Parking Spaces 70

Garage N

Building

Lot Description Adjoins - Open Space, Private, Level

Foundation Slab, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Prince George'S County Public Schools

Others

Tax ID 17023792892

Ownership Condominium

Acceptable Financing Conventional, Cash, Seller Financing, Private, Lease Purchase, Other

Listing Terms Conventional, Cash, Seller Financing, Private, Lease Purchase, Other

Financing Conventional,Cash,Seller Financing,Private,Lease Purchase,Other

Special Listing Condition Standard