Capitol Heights, MD 20743 1793 Olive Street
$833,000



4 more




Presented By: Jose L Guzman with Pearson Smith Realty, LLC - 5713861075;
Home Details
Guzman Group is excited to offer this unique opportunity to purchase a portfolio of three rare, adjacent properties featuring loading-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. Ideal 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.
*1789 Fully available Vacant
*1791 Leased until 2031, with an option for an extension
*1793 Is Leased until 2028 with an option for an extension.
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 Leased SQF Market price is $16.00 x 12,178 SQF=$197,229.00-NOI, (CAP=.078% The market prices may change depending on the location and condition)
Please don't disturb the tenant; please confirm all appointments. The buyer must do the due diligence before submitting an offer.
PORTFOLIO OFFER AT -ALL THREE PROPERTIES TOTAL PRICE OF ($2,500,000.00)
Presented By: Jose L Guzman with Pearson Smith Realty, LLC - 5713861075;
Interior Features for 1793 Olive Street
Other Interior Features
Central Air Y/NYes
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterNatural Gas, Electric
Total Stories1
General for 1793 Olive Street
Acceptable FinancingConventional, Cash, Seller Financing, Private, Lease Purchase, Other
Accessibility2+ Access Exits, Ramp - Main Level, Other
Business TypeManufacturing, Storage, Warehouse, Other
CityCAPITOL HEIGHTS
Construction MaterialsBlock
Cool FuelElectric
CoolingCentral A/C
CountyPRINCE GEORGES
DirectionsPlease use the GPS
Electric3 Phases
Heating90% Forced Air
Historic Y/NNo
Lease Considered Y/NNo
Legal Subdivision1761-1797 OLIVE STREET CONDO>
New ConstructionNo
Number Of Units Total1
OwnershipCondominium
PossessionSubject to Existing Lease
Possible UseCommercial, Distribution, Industrial, Manufacturing, Mixed Use, Warehouse, Wholesale
Price Per Sq Ft Total AG229.79
Property SubtypeIndustrial
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount5885.0
Tax Assessed Value429800.0
Tax Year2024
UtilitiesPhone, Natural Gas Available, Phone Connected, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1951
Year Built SourceEstimated
ZoningI2
Exterior for 1793 Olive Street
Building Area Total3625.00
Car Parking Spaces50
Fencing Y/NY
Foundation DetailsSlab, Concrete Perimeter
InclusionsThe property is tenant occupied with a NNN lease until 2028 and will be subject to tenant lease terms.
Land Assessed Value162200.00
Land Use CodeCC
Lot FeaturesAdjoins - Open Space, Private, Level
Navigable Water Y/NNo
Other EquipmentNone
Parking FeaturesPrivate, Fenced
Total Loading Docks1
Total Parking Spaces70
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Cory Goff
Real Estate Professional
SQFT • 3,622