6116 Marlboro PikeDistrict Heights, MD 20747

Property Details for 6116 Marlboro Pike

Year built

1970

Construction

BRICK

Lot size

0.36 AC

Property size (Sq ft)

2,640 SF

Zone code

CGO

Property type

Retail space

APN

06-0551564

APU

60551564

Description

This exceptional freestanding retail building, located at 6116 Marlboro Pike in District Heights, Maryland, presents a compelling investment opportunity. Boasting 2,789 square feet of space, the property sits on a 0.36-acre lot and offers significant road frontage and exposure on a busy thoroughfare, enhanced by pylon signage. Built in 1970, the single-tenant building provides ample parking with 14 spaces available for customers and employees. The property is zoned Commercial, General and Office (CGO), allowing for a variety of potential uses. The building's single-tenant occupancy simplifies management and provides a stable income stream. Its prime location in District Heights, Maryland, zip code 20747, ensures high visibility and accessibility for customers. This property is ideal for owner-occupiers or investors seeking a well-maintained, strategically located retail space with excellent potential for growth. The property's size and location make it an attractive option for a variety of retail businesses seeking a high-traffic location. The ample parking further enhances its appeal to potential tenants and customers. This is a rare opportunity to acquire a well-positioned retail property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $627,231

  6.5%

  $578,982

  7%

  $537,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $388,631

  Geo Method

  $1,111,084

• Alternative Use

  Use

  Valuation

  Residential

  $488,393

  Hospitality

  $447,366

  Educational

  $372,203

  Medical

  $385,004

  Retail

  $578,982

Location Insight

City

District Heights

County

Prince George's

State

Maryland

Latitude

38.856

Longitude

-76.9013

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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