1791 Olive Street,
Capitol Heights,
MD
20743
1791 Olive Street
Capitol Heights, MD 20743
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$799,000
Coms
Active
Built in 1951
MLS # MDPG2151124
Listing Office: United Real Estate
Description
Legacy Plus Group is excited to offer this unique opportunity to purchase a portfolio of three rare adjacent small bay covered dock industrial condo units for sale 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 is fully available for purchase or lease. * Unit 1793 is on an NNN lease until 2028. The sister buildings are also listed on MLS ID MDPG2151134. MDPG2151124 This building has the potential to be rented by a market rental of $20SF X 4,249FS = 84,980 annually, CAP RATE of 10%. Estimates are based on rental rates of the area, Please do your due diligence to verify all.
Details
- County: PRINCE GEORGES
- Taxes: $6,903
- County Tax: $5,166
- City Tax: $6,903
Description
Legacy Plus Group is excited to offer this unique opportunity to purchase a portfolio of three rare adjacent small bay covered dock industrial condo units for sale 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 is fully available for purchase or lease. * Unit 1793 is on an NNN lease until 2028. The sister buildings are also listed on MLS ID MDPG2151134. MDPG2151124 This building has the potential to be rented by a market rental of $20SF X 4,249FS = 84,980 annually, CAP RATE of 10%. Estimates are based on rental rates of the area, Please do your due diligence to verify all.
Details
- County: PRINCE GEORGES
- Taxes: $6,903
- County Tax: $5,166
- City Tax: $6,903
$799,000
Coms
Active
Built in 1951
MLS # MDPG2151124
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