2440 Chillum RdHyattsville, MD 20782

Property Details for 2440 Chillum Rd

Year built

1940

Construction

BRICK

Lot size

0.86 AC

Property size (Sq ft)

776 SF

Zone code

LTOC

Property type

Auto shops

APN

17-1848159

APU

171848159

Description

This exceptional 1,316 square foot industrial property, situated on a sizable 0.86-acre lot in West Hyattsville, MD, presents a unique investment opportunity. Boasting a prime location near the West Hyattsville Metro Station, this property enjoys high visibility and excellent accessibility. The existing structure includes a small office building, two garages, and two separate lifts, reflecting its long history as an auto-related business—a business that has operated successfully on this site for over 30 years. The property is being sold "as is," offering a blank canvas for a discerning buyer. The large, flat lot provides ample space for expansion or redevelopment. The Prince George's County government has proposed new CS zoning for this area, potentially unlocking further development possibilities. This high-traffic location makes it an ideal site for a variety of uses, particularly auto service businesses, but also suitable for other small-scale industrial operations. The property's history, combined with its strategic location and zoning potential, makes it a compelling investment prospect. Serious inquiries are encouraged to explore the full potential of this remarkable property. The address is 2440 Chillum Road, Hyattsville, MD.

• CAP approach

  CAP return

  Valuation

  6%

  $162,126

  6.5%

  $149,655

  7%

  $138,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,732.40

  Geo Method

  $134,784

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $292,897

  Mixed-Use / Specialty

  $148,696

  Hospitality / Lodging

  $108,538

  Office

  $147,368

  Institutional / Educational

  $154,431

  Residential Income

  $180,684

  Multifamily

  $219,066

  Automotive / Energy

  $132,370

  Parking / Income-Based Land

  $46,100.10

  Restaurant / Food Service

  $76,428.20

  Healthcare / Senior Housing

  $152,922

Location Insight

City

Hyattsville

County

Prince George's

State

Maryland

Latitude

38.9524

Longitude

-76.9688

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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