5010 Branchville RdCollege Park, MD 20740

Property Details for 5010 Branchville Rd

Year built

1930

Lot size

0.11 AC

Property size (Sq ft)

2,720 SF

Zone code

CGO

Property type

Healthcare properties

Property subtype

Medical offices

APN

21-2388395

APU

212388395

Description

This exceptional 0.18-acre commercial land parcel, located at 5010 Branchville Road in College Park, Maryland, presents a unique investment opportunity. Situated in Prince George's County, zip code 20740, this property boasts high visibility due to its proximity to University Boulevard, which sees an average annual weekday daily traffic count of 38,421 vehicles. The land is zoned C-S-C, offering flexibility for a variety of commercial uses. Currently, the property includes two first-floor offices and a second-floor apartment, generating a current annual income of $44,000. Potential buyers have the option of maintaining the existing tenants under their current lease agreements or providing 60 days' notice for lease termination, allowing for immediate redevelopment or repositioning of the property to suit individual business needs. The property's strategic location and zoning make it an ideal site for a range of commercial ventures, capitalizing on the high traffic volume and vibrant College Park community. This is a rare opportunity to acquire a well-located commercial property with significant upside potential. Latitude and longitude coordinates are 38.9992562, -76.9245362 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $575,998

  6.5%

  $531,691

  7%

  $493,713

• Comparable approach

  Method

  Valuation

  Relative Method

  $206,053

  Geo Method

  $454,267

• Alternative Use

  Use

  Valuation

  Residential

  $659,296

  Hospitality

  $603,912

  Educational

  $502,448

  Medical

  $519,728

  Retail

  $781,585

Location Insight

City

College Park

County

Prince George's

State

Maryland

Latitude

38.9992

Longitude

-76.9245

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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