1791 OLIVE ST, Capitol Heights, MD 20743
1791 OLIVE ST, Capitol Heights, MD 20743
1791 OLIVE ST, Capitol Heights, MD 20743
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John Coleman

John Coleman

+1(202) 427-9689
Listed by Mr. Jose Guzman • Pearson Smith Realty, LLC
$5,700
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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Rent

MLS Listing ID MDPG2160198

Year Built 1951

Property Sub-Type Industrial

Source BRIGHT

Property Description

Guzman Group is excited to offer this unique opportunity to lease a single unit with a total of 4,249SF of usable space and 23-foot ceiling clearance. The sister building, 1789 Olive St, is also available for lease at the SFP of $16 NN. The total Building SF4,307@$16=$5,900 Monthly rent per unit. The units are adjacent, and the combined total space is 8,555 SF. * The bay-covered dock industrial condo units for lease in Capitol Heights, Maryland, near the DC border. These industrial condos are ideal for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory, as well as for contractors or owner-users needing space conveniently located in Maryland and Washington, DC. Hard-to-find I-2 Zoning for heavy industrial use, with abundant surface parking, 3 loading docks (1 per unit), a covered loading area, a 23' ceiling height, and a gated parking lot. Ideal for investor or owner/user. * Sale-leaseback potential for 1789 and 1791 units. *NNN lease in place for unit 1793; 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 $194,848 annually, based on the area rental for all units plus NN estimates of $16 per SF, X 4,307 SF = 68,912.00 CAP RATE of 8% 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 Natural Gas, Electric

Exterior

Garage Spaces 12.0

Utilities Available Natural Gas Available, Cable TV, Electric Available, Phone Connected

Water Access N

Roof Type Flat,Metal

Accessibility 2+ Access Exits

Total Parking Spaces 12

Garage N

Building

Lot Description Adjoins - Open Space

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Prince George'S County Public Schools

Others

Tax ID 17023792884

Ownership Other

Miscellaneous Parking,Sewer,Water,Common Area Maintenance

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Bright MLS (BMLS)
John Coleman
John Coleman

REALTOR® | OWNER License ID: SP98375761

+1(202) 427-9689 | john@colemanresidential.com

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