The Kimberly John Group

Real Estate Team
License#

1789 OLIVE STREET, Capitol Heights, MD 20743

 (Sold on )

$833,000

  • Open House
  • New Listing
  • Price Reduced$133,000
  • Active
-1 More Schedule
  • 0 BedroomBeds
  • 0 BathroomBaths
  • Sqft
  • 0Acres
  • CommercialType
  • MDPG2151134MLS#
-1 More Schedule

Property Description

Legacy Plus Group is excited to offer this unique opportunity to purchase a portfolio of three rare adjacent industrial condo units with a loading dock for sale in Capitol Heights, Maryland, near the DC border. These industrial condos are perfect for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory. Ideal for an owner-occupied or contractor 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, and a gated, secure parking lot. Ideal for an 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( GRI )Income=$75759.67/Value=$833K/ Return=(cap9%) Sister buildings are also listed on MLS ID MDPG2151102. MDPG2151124 Please do your due diligence to verify all of the information. PORTFOLIO PURCHASE OF ALL THREE PROPERTIES TOTAL PRICE OF ($2,500,000.00)

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Property Details 1789 OLIVE STREET, CAPITOL HEIGHTS, MD 20743

Facts & Features

  • MLS #: MDPG2151134
  • Status: Active
  • Date Listed: 05/04/2025
  • Type: Commercial
  • Sub Type: Industrial
  • Year Built: 1951
  • Price: $833,000
  • County: Prince Georges

Amenities

  • Parking: Private, Fenced, Surface
  • Waterfront Type: Public

Interior

  • Flooring: Concrete
  • Heating: 90% Forced Air, Baseboard - Hot Water
  • Cooling: Central A/C

Exterior

  • Lot Description: Adjoins - Open Space
  • Roof: Flat
  • Construction: Combination

Schools

  • School District: Prince George's County Public Schools

Additional Information

  • Zoning: I2

Tax Information

  • Tax: $6,997

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