MD > Capitol Heights
Capitol Heights, MD 20743,1789 OLIVE ST
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Capitol Heights, MD 20743,1789 OLIVE ST
Capitol Heights, MD 20743,1789 OLIVE ST
Capitol Heights, MD 20743,1789 OLIVE ST
Capitol Heights, MD 20743,1789 OLIVE ST
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The Bollack Team

The Bollack Team

+1(443) 299-7994
Listed by Jose L Guzman • United Real Estate
$ 799,000
Est. payment /mo
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1789 OLIVE ST Capitol Heights, MD 20743

4,307 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 4,307 sqft

Price per Sqft $185

MLS Listing ID MDPG2151134

Originating Board BRIGHT

Year Built 1951

Annual Tax Amount $6,997

Tax Year 2024

Property Sub-Type Industrial

Property 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. *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 11.0

Water Access N

Roof Type Flat

Accessibility >84\" Garage Door, 36\"+ wide Halls, 48\"+ Halls

Total Parking Spaces 11

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 Condominium

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

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

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

Special Listing Condition Standard

Bright MLS (BMLS)
agent

The Bollack Team

Agent | License ID: 660828

+1(443) 299-7994

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1789 OLIVE ST

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