5304 Sheriff RdCapitol Heights, MD 20743

Property Details for 5304 Sheriff Rd

Year built

1919

Construction

FRAME

Lot size

0.36 AC

Property size (Sq ft)

2,202 SF

Zone code

CGO

Property type

Investment properties

Property subtype

Live-work space

APN

18-1993021

APU

181993021

Description

This 15,477 sq ft lot in Capitol Heights, MD (20743), zoned CGO, presents a unique redevelopment opportunity. Located near Washington, D.C., this property boasts a high traffic count of 13,714 vehicles and 80 feet of road frontage. The asking price is $2,400,000 ($679.69/sq ft). Currently featuring a 3,531 sq ft, three-story building constructed in 1919, the property includes a 7-bedroom, 4-bathroom house with a large eat-in kitchen, oversized storage room, fireplace, updated hot water heater and windows, and a large basement. An additional connected brick building with separate entrances and a brick terrace offers potential for extra income. A 24x24 storage building is also available for negotiation. The property allows for the construction of multi-unit residential or commercial buildings, or renovation of the existing structures. This fee-simple ownership offers significant potential for investors seeking a high-traffic location near Washington, D.C. The property's versatility and prime location make it an exceptional investment opportunity. The existing structure provides ample space and potential for immediate income generation while redevelopment options cater to a wide range of commercial and residential uses. The property's size and zoning provide flexibility for various development scenarios, making it an attractive proposition for both short-term and long-term investment strategies.

• CAP approach

  CAP return

  Valuation

  6%

  $355,896

  6.5%

  $328,520

  7%

  $305,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $128,632

  Geo Method

  $367,756

• Alternative Use

  Use

  Valuation

  Residential

  $407,364

  Hospitality

  $373,144

  Educational

  $310,451

  Medical

  $321,128

  Retail

  $482,924

Location Insight

City

Capitol Heights

County

Prince George's

State

Maryland

Latitude

38.9045

Longitude

-76.9229

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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