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4945-4947 Marlboro Pike 6,057 SF 100% Leased Retail Building Capitol Heights, MD 20743 $1,650,000 ($272.41/SF)

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INVESTMENT HIGHLIGHTS

• Mixed-Use Property with 4 Street-Level Retail Units & 3 Multifamily Units
• Additional Development Potential | 1.65-Acre Lot Allows for Added Density
• Situated Along a Main Thoroughfare Connecting Maryland and Washington, D.C.

• Delivered 100% Leased | Primary Retail Tenant in Operation for 30+ Years
• Adjacent to a Signalized Intersection with Prominent Retail Signage & On-Site Parking

EXECUTIVE SUMMARY

Feldman Ruel is pleased to offer for sale a 6,057-SF fully occupied mixed-use property located on a 1.65-acre lot within a five-minute drive of the Washington, D.C. border. The subject property includes four retail tenants, Salon Latino Jessy's, Mi Pueblo by Big Papa, Strictly Business Barber Shop and Salon, and CD Liquors. Additionally, the subject property features three occupied multifamily units, one studio unit, one one-bedroom/one-bathroom unit, and one two-bedroom/one bathroom unit. This offering represents a diversified investment opportunity with seven income-generating units along a major thoroughfare connecting Prince George’s County and Washington, D.C.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

6,057 SF

Building Class

Year Built

1951

Price

$1,650,000

Price Per SF

$272.41

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.08

Lot Size

1.65 AC

Zoning

CN - Commercial Neighborhood

Parking

80 Spaces (13.21 Spaces per 1,000 SF Leased)

Frontage

90’ on Marlboro Pike

Signalized Intersection

MAJOR TENANTS

Cd Liquor
-
-
-
-

Justine & Grace Choe
-
-
-
-

Mahek 117 Inc
Public Administration
-
-
-

Nara Enterprises Inc
Retailer
-
-
-

Accommodation and Food Services
-
-
-

Papa’s Pizza opened on June 2nd, 1971 at the corner of W. 11th and Chambers in Eugene by Wayne and Maxine Weber. Both of their children have been involved, their daughter still owns the two Eugene locations and when their son retired the other three locations became management owned. They got their name when the founder told his wife that he was planning to open a pizza parlor. The told him “you better name it Papa’s because Mama won’t have anything to do with it”. They all take great pride in the family atmosphere that has been created over the years in their pizza parlors. It is their commitment to support the community with fundraising for non-profit organizations, schools, churches and those with medical needs. They currently operate pizza parlors in Eugene, Springfield, Corvallis, and Beaverton. All locations have covered play areas, banquet facilities and offer free delivery. They use quality ingredients, mix their dough daily, and purchase locally whenever possible.

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE END
Cd Liquor	-	-	-	-
Justine & Grace Choe	-	-	-	-
Mahek 117 Inc	Public Administration	-	-	-
Nara Enterprises Inc	Retailer	-	-	-
	Accommodation and Food Services	-	-	-