1791 Olive St, Capitol Heights, MD 20743

$833,000

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List Price: $833,000
Price Change: ▲ $133,000 1771289686
Days on Market: 449
Status: ACTIVE
MLS#: MDPG2151124
Year Built: 1951
County: Prince Georges
School District: Prince George's County Public Schools

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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 capitalize on rising industrial lease rates and shrinking industrial inventory, and 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, and a gated, secure parking lot. Ideal for an investor or owner/user. *Sale lease-back potential for 1789 and 1791 units is fully available for purchase or lease. * Unit 1793 is on an NNN lease until 2028. The sister buildings are also listed on MLS ID MDPG2151134. MDPG2151124 This building has the potential to be rented by a market rental of( IVR) $76,800/833,000 = 9% CAP RATE Please do your own due diligence before considering making an offer. The buyer must verify all information before submitting an offer. PORTFOLIO PURCHASE OF ALL THREE PROPERTIES TOTAL PRICE OF ($2,500,000.00)

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