UPDATED:
08/14/2024 07:26 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 27,200 sqft
Price per Sqft $202
Subdivision Bedford
MLS Listing ID MDPG2037556
Originating Board BRIGHT
Year Built 1978
Tax Year 2021
Lot Size 2.945 Acres
Acres 2.95
Property Description
Place Shopping Center, which represents a rare opportunity to
acquire 27,200 SF neighborhood retail center in the DMV area.
Located in Suitland, Maryland of Prince George's County, approximately 10 miles East of Washington, DC. The property
features 7 fully-leased spaces about a mile off of Interstate
Highway 495 and mere feet from Route 5. This provides key
access to roads with high vehicle traffic, with an easily accessible
and attractive location. Currently, the property is self-managed
featuring an assortment of local tenants. There remains
significant potential to renovate or improve the property to
increase the rental rates for tenants. However, even with the low
rental rates currently offered in the shopping center, this fullyleased property provides the owner with an annual income of
almost $410,000.
The property is being offered at $5,500,000 ($202 PSF)
Location
State MD
County Prince Georges
Zoning CSC
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17060488635
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "
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