1789 Olive St

Highlights:

• Days on Market: 291
• Parking Features: Private, Fenced, Surface
• Heating: 90% Forced Air, Baseboard - Hot Water

Description:

Adjoins - Open Space

Legacy Plus Group is excited to offer this unique opportunity to purchase a portfolio of three rare adjacent industrial condo units with a loading dock for sale in Capitol Heights, Maryland, near the DC border. These industrial condos are perfect for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory. Ideal for an owner-occupied or contractor needing space conveniently located in Maryland and Washington, DC. Hard to find I-2 Zoning for heavy industrial with abundant surface parking, 3 loading docks (1 per unit), covered loading area, 23’ ceiling height, and a gated, secure parking lot. Ideal for an investor or owner/user. *Sale lease-back potential for 1789 and 1791 units. *NNN lease in place for unit 1793 Is Leased until 2028. All 3 units are adjacent, but currently demised. Hard to find I-2 zoning for heavy industrial uses with abundant surface parking.
Offer Summary, Unit 1789 4,307± SF, Unit 1791 4,249±
SF Unit 1793 3,622± SF *TOTAL 12,178± SF*
This unit has the( GRI )Income=$75759.67/Value=$833K/ Return=(cap9%)
Sister buildings are also listed on MLS ID MDPG2151102. MDPG2151124
Please do your due diligence to verify all of the information.
PORTFOLIO PURCHASE OF ALL THREE PROPERTIES TOTAL PRICE OF ($2,500,000.00)

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Listing ID: 803824101698