5061 Allentown RdSuitland, MD 20746

Property Details for 5061 Allentown Rd

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.71 AC

Property size (Sq ft)

4,860 SF

Zone code

CGO

Property type

Retail space

APN

06-3650918

APU

63650918

Description

This exceptional retail property, located at 5061 Allentown Road in Suitland, Maryland, presents a unique investment opportunity. Boasting 4,860 square feet of well-maintained space on a 0.71-acre lot, this property benefits from a prime location with excellent visibility and high traffic volume, ensuring strong potential for a variety of retail businesses. The building itself is in excellent condition, having undergone continuous updates to maintain its appeal and functionality. The asking price is $2,500,000. While the current inventory, furniture, and fixtures are not included in the sale price, these assets are available for separate negotiation, offering a potential buyer added flexibility and value. This property's strategic location and attractive features make it an ideal investment for savvy entrepreneurs seeking a thriving retail space in a high-traffic area. The substantial size of the lot also offers potential for future expansion or development, depending on local zoning regulations and approvals. Serious inquiries are encouraged to explore this promising opportunity further. Detailed financial statements and property information are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,154,675

  6.5%

  $1,065,854

  7%

  $989,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $715,434

  Geo Method

  $2,045,405

• Alternative Use

  Use

  Valuation

  Residential

  $899,088

  Hospitality

  $823,560

  Educational

  $685,192

  Medical

  $708,757

  Retail

  $1,065,854

Location Insight

City

Suitland

County

Prince George's

State

Maryland

Latitude

38.8147

Longitude

-76.8947

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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