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Listed by Anita John • Engel & Volkers Washington, DC
$ 1,750,000
Est. payment /mo
Active
Address not disclosed District Heights, MD 20747
7,841 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDPG2198748
Year Built 1958
Available Date 2026-04-17
Annual Tax Amount $6,514
Tax Year 2026
Lot Size 7,841 Sqft
Acres 0.18
Property Sub-Type Retail
Source BRIGHT
Property Description
Positioned along one of Prince George's County's most closely watched revitalization corridors, this fully leased retail asset offers investors immediate cash flow with long-term upside.
The ±3,710 SF property built in 1958 with three spaces is 100% leased, delivering long-term stable income at a 6.6% cap rate. With over 30,000+ vehicles passing daily and no near-term vacancy risk, the asset provides a true “day one” yield—ideal for investors seeking predictable returns in an emerging growth corridor. Having been family-owned for nearly 70 years with no vacancies is considered by some to be a “gold mine”.
The property sits within the Marlboro Pike corridor, where county-backed planning and private-sector initiatives are actively targeting reinvestment, economic growth, and repositioning of the corridor as a more vibrant commercial destination. Recent planning efforts highlight the Pike's capacity for new business development, improved retail environments, and long-term value creation through coordinated public and private investment.
For investors, this translates into a compelling profile:
- In-place income today
- Basis below replacement cost in a transitioning corridor
- Exposure to a multi-year redevelopment initiative backed by local planning authorities-
The ±3,710 SF property built in 1958 with three spaces is 100% leased, delivering long-term stable income at a 6.6% cap rate. With over 30,000+ vehicles passing daily and no near-term vacancy risk, the asset provides a true “day one” yield—ideal for investors seeking predictable returns in an emerging growth corridor. Having been family-owned for nearly 70 years with no vacancies is considered by some to be a “gold mine”.
The property sits within the Marlboro Pike corridor, where county-backed planning and private-sector initiatives are actively targeting reinvestment, economic growth, and repositioning of the corridor as a more vibrant commercial destination. Recent planning efforts highlight the Pike's capacity for new business development, improved retail environments, and long-term value creation through coordinated public and private investment.
For investors, this translates into a compelling profile:
- In-place income today
- Basis below replacement cost in a transitioning corridor
- Exposure to a multi-year redevelopment initiative backed by local planning authorities-
Location
State MD
County Prince Georges
Zoning CGO
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 20.0
Utilities Available Other
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17060471755
Ownership Fee Simple
Special Listing Condition Standard
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