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4835 Rhode Island Ave 9,028 SF Retail Building Hyattsville, MD 20781 $2,300,000 ($254.76/SF)
Investment Highlights
- Visible from major thoroughfare
- Future development potential
- Thriving business conveys with the property
Executive Summary
Mountjoy's Autoshop was a cornerstone for British sports car enthusiasts in the Mid-Atlantic region. Founded in the 1970s by the late Thomas "Tim" Mountjoy, the shop established a storied reputation as a premier specialist for the repair and maintenance of MG, Triumph, and Jaguar automobiles. Today, the shop works on a broader range of makes.
Originally built around 1940 and expanded and improved thru 2017, the property includes a parts store, wheel alignment station, frame machine, six (6) car lifts, paint booth, machine shop, four (4) 10' H rollup doors accessing the interior, and ample fenced-in yard space.
The business conveys with the property to "grandfather" the continued use of the auto parts sales, auto repair and maintenance, auto paint, and auto storage use in the current NAC zoning district.
Originally built around 1940 and expanded and improved thru 2017, the property includes a parts store, wheel alignment station, frame machine, six (6) car lifts, paint booth, machine shop, four (4) 10' H rollup doors accessing the interior, and ample fenced-in yard space.
The business conveys with the property to "grandfather" the continued use of the auto parts sales, auto repair and maintenance, auto paint, and auto storage use in the current NAC zoning district.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
9,028 SF
Building Class
C
Year Built/Renovated
1940/2017
Price
$2,300,000
Price Per SF
$254.76
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.35 AC
Zoning
NAC - Neighborhood Activity Center (NAC) zone is a mixed-use, lower-density zoning category to support walkable, bikeable, and transit-oriented development.
Parking
24 Spaces (2.66 Spaces per 1,000 SF Leased)
Frontage
90’ on Rhode Island Ave
Amenities
- Fenced Lot
- Signage
- Storage Space
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-1800762 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $724,367 |
Property Taxes
Parcel Number
16-1800762
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$724,367
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4835 Rhode Island Ave
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