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15700-15712 Mt Oak Rd 8,533 SF 100% Leased Retail Building Bowie, MD 20716 $3,750,000 ($439.47/SF) 5.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Shopping center is nestled in the Mt Oak corridor and has served several local residents for many years.
- Well established tenants that have been in place over 20-years.
EXECUTIVE SUMMARY
The property at 15704 Mt Oak Rd in Bowie, MD 20716 is a 8,533 square foot one story free-standing retail investment property. The building is ideally situated in an exceptional commercial area, offering prime visibility, making it an attractive opportunity for investors seeking stable returns in the retail sector. Further, the property currently has great tenants which will provide the future owner with immediate income.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,533 SF
Building Class
C
Year Built
1985
Price
$3,750,000
Price Per SF
$439.47
Cap Rate
5.04%
NOI
$189,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.82 AC
Zoning
CSC - Community Shopping Center
Parking
45 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-0793778 | Improvements Assessment | $2,043,400 |
| Land Assessment | $563,700 | Total Assessment | $2,607,100 |
PROPERTY TAXES
Parcel Number
07-0793778
Land Assessment
$563,700
Improvements Assessment
$2,043,400
Total Assessment
$2,607,100
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15700-15712 Mt Oak Rd
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