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3900 38th St 5,676 SF 57% Leased Office Building Brentwood, MD 20722 $925,000 ($162.97/SF)
Investment Highlights
- 2-Level Mixed-Use Property | Includes 2-Bay Garage with 12-Foot Ceiling Heights
- 193 Feet of Combined Street Frontage | Traffic Count of 10,000+ VPD
- Ideal for Partial-Users or Investors | 57% Occupied with Mostly MTM Tenants
- Located in the Gateway Arts District | 0.5 Miles from Washington, D.C.
Executive Summary
Feldman Ruel is pleased to offer for sale 3900 38th Street, a 5,676-square-foot mixed-use property in Brentwood, Maryland configured for retail/office, industrial, and multifamily use. The subject property is zoned LMUTC, which allows a broad range of commercial uses. Situated on a corner with parking along a busy thoroughfare, 3900 38th Street is ideally positioned for small business operators seeking the opportunity to generate additional income by leasing a portion of the subject property. A partial user or investor can enhance revenue by leasing the first level at a market-rate NNN rent, reconfiguring the oversized multifamily units for higher returns, and exploring the potential to expand the second level above the single-level industrial space. 3900 38th Street is located one half-mile from Washington, D.C. in the Gateway Arts Corridor, where grants and incentives are available for arts-related uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,676 SF
Building Class
C
Year Built
1960
Price
$925,000
Price Per SF
$162.97
Percent Leased
57%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,838 SF
Slab To Slab
9’
Building FAR
0.93
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
LMUTC - Legacy- Mixed Use Town Center, FIRST FLOOR - 2,400 sf showroom/office/retail & 800 sf garage/shop 2ND FLOOR - 2,400 sf residential = 3 x 800 sf apts
Parking
6 Spaces (1.06 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 17-1933399 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $619,167 |
Property Taxes
Parcel Number
17-1933399
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$619,167
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3900 38th St
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