$4,100,000
$4,750,000
13.7%For more information regarding the value of a property, please contact us for a free consultation.
20,942 SqFt
SOLD DATE : 01/27/2022
Key Details
Sold Price $4,100,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 20,942 sqft
Price per Sqft $195
MLS Listing ID MDPG2013062
Sold Date 01/27/22
Originating Board BRIGHT
Year Built 1959
Annual Tax Amount $54,163
Tax Year 2020
Lot Size 2.218 Acres
Acres 2.22
Property Description
Marlboro Pike Center is a retail complex that includes AutoZone, Family Dollar, and JMD Furniture along with a contiguous but undeveloped commercial land parcel. This retail center is 100% leased and is being offered for sale for the first time in 41 years. The center enjoys long-term leases, including two investment grade essential-retail tenants. The property is an opportunity for an investor to acquire a low-risk asset in a highly visible location, with additional upside potential through effective asset management and development of the contiguous commercial land parcel.
Location
State MD
County Prince Georges
Zoning MUI
Interior
Hot Water Electric
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 84.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Parking Lot
Total Parking Spaces 84
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17060507178
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Robert Seidel • Providence Realty Advisors, LLC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "