For Sale
$1,940,000

9121 Piscataway Rd Clinton, MD 20735

Prime Retail Investment: 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional retail investment opportunity presents the Shirtan Shopping Center, a multi-tenant property located at 9121 Piscataway Rd, Clinton, MD 20735. The property consists of two single-story buildings totaling 12,120 square feet, encompassing seven units currently boasting 100% occupancy. Built in 1991, the center offers a diverse range of leasing opportunities, with six current tenants contributing to a strong Net Operating Income (NOI) of $114,990, and a pro-forma NOI of $195,600. The asking price is $1,940,000, representing a pro-forma cap rate of 10.08%. Situated in a thriving Prince George's County neighborhood, the center benefits from a strategic location with convenient access to major thoroughfares like Branch Avenue and high daily traffic counts of 16,634 vehicles on Piscataway Road, ensuring excellent visibility and accessibility. The CGO zoning allows for versatile commercial uses. The property includes 49 parking spaces and is ideally positioned to serve the strong local community of approximately 47,958 residents within a three-mile radius, making it an attractive investment with immediate income generation. Building sizes are 8,379 square feet and 3,741 square feet.

Highlights

  • 49 parking spaces.
  • Rare smaller shopping center in Prince George's County.
  • Seven units offering diverse leasing opportunities.
  • CGO zoning allows versatile commercial uses.
  • Located in the strong Clinton, MD market, a Washington, DC suburb.
  • 100% occupancy providing immediate income.

Property Details for 9121 Piscataway Rd

Property type
Lifestyle centers, Power centers
Square Feet
12,120 SF
Year Built
1991
Buildings
2
Stories
1
Units
7

Location Insight

City
Clinton
County
Prince George's
State
Maryland
Latitude
38.7653154
Longitude
-76.900369
9121 Piscataway Rd, Clinton, Maryland

FAQs

What type of property is this?
Lifestyle center - Prime Retail Investment: 100% Occupancy
Where is the lifestyle center located?
The property is located at 9121 Piscataway Rd Clinton, MD.
What is the asking price?
The asking price for this property is $1,940,000.
What are key features of this property?
This property features: 49 parking spaces.; Rare smaller shopping center in Prince George's County.; Seven units offering diverse leasing opportunities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9121 Piscataway Rd
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