USAMDCapitol Heights1789 Olive St
1789 Olive St, Home with 0 bedrooms, 1 bathrooms and null parking in CAPITOL HEIGHTS MD | Image 1
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$799,000

1789 Olive St, Capitol Heights, MD

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Industrial
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $6,997
Days Active 74
Approx. Age 1951
MLS® Number MDPG2151134

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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. MDPG2151124Show Description
MLS® NumberMDPG2151134
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1951
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat90% Forced Air, Baseboard - Hot Water, Electric, Natural Gas
A/CCentral A/C, Electric
Heating Fuel

Extras

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