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5061 Allentown Rd 4,860 SF Vacant Retail Building Suitland, MD 20746 $1,650,000 ($339.51/SF)
INVESTMENT HIGHLIGHTS
- High visibility and traffic volume on Allentown Rd. Directly across from the main Gate of Andrews AFB
- Great for various professional uses, in addition to retail.
- Property has been continuously updated and is in excellent condition. CGO Zoning permits lots of uses.
EXECUTIVE SUMMARY
Just off Beltway Exit 9. This is a great location for a Medical or Dental Practice or any business that wants easy access to the Capital Beltway! This new price of $1,650,000 is a drastic 34% price cut from the original asking price of $2.5 million. This is a prime location with excellent visibility and high traffic volume. The property is located at a corner, providing easy entry and exit onto Allentown Rd. The space is easily adaptable to lease a portion to a separate tenant and generate income while operating your main business. There is a very large mega-church next to the property, which will likely be a source of bonus clientele. In addition, this property is directly across from the Main Gate of Andrews AFB. This property has been continuously updated and is in excellent condition. Plus, there are approximately 40 parking spaces, and the parking lot is lighted! The inventory, furniture, and fixtures are not included but are negotiable. Available Square Feet of 4,860 per the tax record, Zone = CGO, which allows a wide range of uses.
Occupancy date is fully negotiable. The relocation of the existing inventory may necessitate a brief rent-back period, but possession can be fairly quick.
Please contact Listing Broker for more details : Robert Fields (240) 350-0100
Occupancy date is fully negotiable. The relocation of the existing inventory may necessitate a brief rent-back period, but possession can be fairly quick.
Please contact Listing Broker for more details : Robert Fields (240) 350-0100
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- Market Information
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
4,860 SF
Building Class
C
Year Built
1973
Price
$1,650,000
Price Per SF
$339.51
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.71 AC
Zoning
CSC, County - Commercial Shopping Center zoning designation. Purpose is to provide retail shopping facilities and allows institutional and recreational services.
Parking
40 Spaces (8.23 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-3650918 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $724,767 |
PROPERTY TAXES
Parcel Number
06-3650918
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$724,767
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Presented by
GREGORY FIELDS REALTY LLC
5061 Allentown Rd
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