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Christy Roelke

christy@christyroelke.com +1(703) 509-4825

Listed by Jose L Guzman • Pearson Smith Realty, LLC

$ 700,000

Est. payment -/mo

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Price Dropped by $99K

1789 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 MDPG2151134

Year Built 1951

Annual Tax Amount $6,997

Tax Year 2024

Property Sub-Type Industrial

Source BRIGHT

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

SCHOOLSPROPERTIES

Elementary Schools 20

10

Kipp Dc Promise Public Charter School

Public | 1 - 4
8

D C Preparatory Benning Elementary Public Charter School

Public | PK - 3
7

Kipp Dc Key Academy Public Charter School

Public | 5 - 8
7

Capitol Heights Elementary School

Public | PK - 5
6

Randle Highlands Elementary School

Public | EE - 5
6

Judith P. Hoyer Montessori

Public | PK - 6
5

Plummer Elementary School

Public | EE - 5
5

Nalle Elementary School

Public | EE - 5
5

Burrville Elementary School

Public | EE - 5
5

Dc Scholars Public Charter School

Public | PK - 4
5

Gladys Noon Spellman Elementary School

Public | PK - 6
5

Highland Park Elementary School

Public | PK - 6
5

Woodridge Elementary School

Public | PK - 6
5

Glenridge Elementary School

Public | PK - 6
4

Orr Elementary School

Public | EE - 5
4

Thomas S. Stone Elementary School

Public | PK - 6
4

Kimball Elementary School

Public | EE - 5
4

Thomas Elementary School

Public | EE - 5
4

Aiton Elementary School

Public | EE - 5
4

Bladensburg Elementary School

Public | PK - 6

Middle Schools 10

5

Seed Public Charter School of Washington Dc

Public | 6 - 12
5

Walker Mill Middle School

Public | 6 - 8
4

Browne Education Campus

Public | EE - 8
4

Sousa Middle School

Public | 6 - 8
4

Cesar Chavez Public Charter School for Public Policy-Parkside High School

Public | 6 - 8
4

Kelly Miller Middle School

Public | 6 - 8
0

Friendship Public Charter School Woodridge Middle School

Public | 6 - 8
0

Village Academy

Private | 7 - 12
0

The Monroe School

Private | 6 - 12
0

Maya Angelou Public Charter School Evans Middle School

Public | 7 - 8

High Schools 14

7

Phelps Architecture Construction and Engineering H

Public | 9 - 12
6

Washington Math Science Tech Public Charter School

Public | 9 - 12
6

Friendship Public Charter School Woodson Collegiate Campus

Public | 9 - 12
5

Cesar Chavez for Public Policy Parkside Middle School Public Charter School

Public | 9 - 12
5

Idea Public Charter School

Public | 9 - 12
5

Woodson High School

Public | 9 - 12
4

Community Based Classrooms

Public | 9 - 12
4

Fairmont Heights High School

Public | 9 - 12
4

Central High School

Public | 9 - 12
2

Bladensburg High School

Public | 9 - 12
1

Annapolis Road Academy

Public | 9 - 10
0

Dematha Catholic High School

Private | 9 - 12
0

Maya Angelou Public Charter School Evans High School

Public | 9 - 12
0

Elizabeth Seton High School

Private | 9 - 12

School and business data provided by Attom Data.

Christy Roelke

Realtor, VA & MD

+1(703) 509-4825

Christy Roelke

1789 OLIVE ST Capitol Heights, MD 20743

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1789 OLIVE ST