7300 Martin Luther King Jr Highway, Hyattsville, MD 20785

USD 1,700,000

For Sale MLS: MDPG2201814

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Property Details

Description

Property Overview 6 lots sold together - a unique investment package featuring one standalone commercial building (formerly J&J Transmission) and two single-family homes with rental income potential. Total land area: 1.29 acres. Zoning flexibility - newly designated RMF-20 and RSF-65 zoning allows for a variety of uses including retail and restaurants such as Starbucks or similar concepts, office space and convenience stores, and multifamily or townhome development. Prime location and accessibility - strategically positioned on Martin Luther King Jr. Highway just south of Landover Road (MD 202), with high traffic flow, excellent visibility, an on-site WMATA bus stop (A12 and F12 routes), and surrounded by businesses, churches, and residential communities. Endless Development Potential Commercial expansion - develop a high-traffic retail hub while Investors and developers - this is an opportunity to transform a high-potential site into a thriving destination. Option 2 Own a shipping business and need storage space? Convert the standalone commercial building into a warehouse while continuing to rent out the two existing homes for steady income. Rental Income Potential Two-bedroom home: $1,900 per month Five-bedroom home: $2,800 per month Total annual rental income from homes: $56,400 Flex space rental after renovation: $8,000 to $10,000 per month Total annual rental income from flex space: $96,000 or more Potential total annual income exceeds $150,000. If you prefer not to purchase the full portfolio, you may purchase 7300 Martin Luther King Jr. Highway separately for $1.2 million. Contact us today to explore the possibilities

PROPERTY DETAILS: Square Feet: 3023

INTERIOR FEATURES: • Cooling: None • Heating: None

EXTERIOR FEATURES: • Parking: 30 Parking Spaces, On Street, Private, Parking Lot. • Zoning: RMF20

LISTING AGENT: Agent: Sebrin Adem | Office: RE/MAX Allegiance | Phone: 7032379500 | Email: [email protected]

LISTING INFORMATION: MLS#: MDPG2201814 | Status: FOR SALE

Location

Address

7300 Martin Luther King Jr Highway

City

Hyattsville

Features and Finishes

Interior Features:

• Cooling: None

• Heating: None

Exterior Features:

• Parking: 30 Parking Spaces, On Street, Private, Parking Lot.

• Zoning: RMF20

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