4380 Forbes BlvdLanham, MD 20706

Property Details for 4380 Forbes Blvd

Year built

1984

Lot size

5.52 AC

Property size (Sq ft)

115,831 SF

Property type

Mixed-use properties

Property subtype

Other specialty properties

Description

This exceptional Lanham, Maryland property presents a compelling investment opportunity for owner-users or value-add investors. The 115,831 square foot campus, situated on 5.52 acres, comprises two buildings totaling 115,831 square feet. Building 4400 offers 53,350 square feet, while Building 4380 provides 62,481 square feet of flexible office space. Currently, the property boasts 30% occupancy, with two national credit tenants contributing to existing rental income. The property features 18-foot ceilings, eight dock-high doors, and one loading dock, enhancing its functionality and appeal. Built in 1984, this Class B property is zoned I-E, providing versatility for various uses. Its strategic location offers convenient access to major transportation arteries, including I-495/I-95, Route 50, MD-193 (Greenbelt Road), and the New Carrollton Metro Station, ensuring excellent connectivity. This prime location, combined with the substantial square footage and existing income stream, makes this a rare and attractive investment prospect. The two-story buildings are connected by a party wall. This property offers significant potential for redevelopment and increased profitability. The property's size and location make it ideal for a variety of uses, from creative office spaces to light industrial applications.

Location Insight

City

Lanham

County

Prince George's

State

Maryland

Latitude

38.9496

Longitude

-76.833

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