3900 Bexley PlSuitland-Silver Hill, MD 20746

Property Details for 3900 Bexley Pl

Year built

1978

Construction

BRICK

Lot size

2.95 AC

Property size (Sq ft)

27,200 SF

Zone code

CGO

Property type

Retail properties

Property subtype

Community centers

APN

06-0488635

APU

60488635

Description

This exceptional 27,200 square foot retail center in Suitland, Maryland presents a compelling investment opportunity. Situated on a 2.95-acre lot, this fully-leased property boasts seven tenant spaces, generating nearly $410,000 in annual income. Its prime location, approximately one mile from Interstate 495 and directly adjacent to Route 5, ensures high visibility and accessibility for customers. The property benefits from significant traffic volume on these major roadways, making it an attractive destination for both shoppers and businesses. Currently self-managed, the center offers a diverse mix of local tenants. The asking price is $5,500,000, translating to $202 per square foot. While the current rental rates are competitive, there's substantial potential for future revenue growth through property renovations or improvements. This presents a rare chance to acquire a well-established, income-producing retail center in the desirable DMV area, just 10 miles east of Washington, D.C., within Prince George's County. The property's strong location and current occupancy make it an ideal investment for those seeking a stable, high-traffic retail asset with upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $10,333,073

  6.5%

  $9,538,221

  7%

  $8,856,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,447,533

  Geo Method

  $11,447,533

• Alternative Use

  Use

  Valuation

  Residential

  $8,045,846

  Hospitality

  $7,369,952

  Educational

  $6,131,714

  Medical

  $6,342,593

  Retail

  $9,538,221

Location Insight

City

Suitland

County

Prince George's

State

Maryland

Latitude

38.8354

Longitude

-76.9393

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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