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9520 Baltimore Ave 38,259 SF 21% Leased Retail Building College Park, MD 20740 $6,000,000 ($156.83/SF) 11.93% Cap Rate
Investment Highlights
- +38,000 SF commercial building with retail showroom, warehouse, administrative space, dedicated parking, and recently replaced roof (2022)
- Located on Rt. 1 / Baltimore Avenue (42,800 AADT) in College Park, MD and strategically positioned between I-495 (DC Beltway) and Rt. 193
- Flexible NAC (Neighborhood Activity Center) zoning allows for a wide range of retail/office/commercial.
- Delivered 100% vacant or with existing tenant in place.
- Second floor office is currently leased to a church on a month-to-month basis but can be delivered 100% vacant.
- Improvements are in good condition and present a foundation for an investor to add value through leasing or an owner/user to capture this location
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
38,259 SF
Building Class
B
Year Built/Renovated
1957/2022
Price
$6,000,000
Price Per SF
$156.83
Cap Rate
11.93%
NOI
$715,556
Percent Leased
21%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
5 Exterior
Building FAR
0.53
Lot Size
1.66 AC
Opportunity Zone
Yes
Zoning
NAC - Neighborhood Activity Center allows for a wide range of retail/office/commercial uses
Parking
56 Spaces (1.46 Spaces per 1,000 SF Leased)
Frontage
126’ on Baltimore Ave
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
8,004 SF Second floor office | move-in ready
| Space | Size | Space Use | Position | Available |
| 1st Floor | 30,255 SF | Retail | - | Now |
| 2nd Floor | 8,004 SF | Office | - | Now |
1st Floor
| Size |
| 30,255 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 8,004 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 30,255 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 8,004 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
8,004 SF Second floor office | move-in ready
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-2284693 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,492,767 |
Property Taxes
Parcel Number
21-2284693
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,492,767
Contacts
-
Benjamin Wilson -
Donivan Okolita -
Burke McLaughlin -
Beckett Norris -
Greysteel Holdings
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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9520 Baltimore Ave
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