Capitol Heights, MD 20743 1791 Olive Street

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Presented By: Jose L Guzman with Pearson Smith Realty, LLC - 5713861075;
  • MLS# MDPG2151124
  • 05/04/2025
  • Request Tour
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  • SQFT • 4,249

Home Details

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)
Presented By: Jose L Guzman with Pearson Smith Realty, LLC - 5713861075;

Interior Features for 1791 Olive Street

Bathrooms

Total Restrooms1

Other Interior Features

Clear Span Ceiling Height18' to 24'
Central Air Y/NYes
FlooringConcrete
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterElectric, Natural Gas
Total Stories1

General for 1791 Olive Street

Acceptable FinancingConventional, Lease Purchase, Private, Seller Financing, Other
Accessibility>84 Garage Door, 48 + Halls
Business TypeManufacturing, Professional, Storage, Warehouse, Flex, Other
CityCAPITOL HEIGHTS
Construction MaterialsBlock, Brick
Cool FuelElectric
CoolingCentral A/C
CountyPRINCE GEORGES
DirectionsPlease use the GPS
Electric3 Phases
Heating90% Forced Air
Historic Y/NNo
Lease Considered Y/NYes
Legal Subdivision1761-1797 OLIVE STREET CONDO>
New ConstructionNo
Number Of Units Total1
OwnershipCondominium
Possession31-60 Days CD
Price Per Sq Ft Total AG196.05
Property ConditionAverage
Property SubtypeIndustrial
Property TypeCommercial Sale
Property UseOwner User
RoofFlat, Metal
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount6903.0
Tax Assessed Value504167.0
Tax Year2024
UtilitiesNatural Gas Available, Cable TV, Electric Available, Phone Connected
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1951
Year Built SourceAssessor
ZoningI2

Exterior for 1791 Olive Street

Building Area Total4249.00
Car Parking Spaces10
Fencing Y/NY
Foundation DetailsBlock, Concrete Perimeter
Land Assessed Value190300.00
Land Use CodeCC
Lot FeaturesAdjoins - Open Space
Navigable Water Y/NNo
Parking FeaturesPrivate, Fenced, Surface
Total Loading Docks1
Total Parking Spaces11
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Becky Fischer

Agent
Price $833,000
MLS#MDPG2151124
List Date 05/04/2025
Property Type Commercial
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