This exceptional industrial property, located at 8607 Old Ardmore Rd in Greater Landover, Maryland, presents a unique investment opportunity. The property consists of two buildings totaling approximately 3,000 square feet of flexible space, including approximately 1,333 square feet of office space and a 1,200 square foot detached garage with heating and cooling. Situated on a 0.26-acre lot (11,242 sq ft), this single-tenancy property boasts a full basement and was built in 1933. Its strategic location offers unparalleled access to major highways, including I-495 (Capital Beltway), I-95, and US Route 50, providing efficient connectivity to Washington, D.C. (approximately 10 miles) and Baltimore (about 35 miles). Proximity to Ronald Reagan Washington National Airport and Baltimore/Washington International Thurgood Marshall Airport (BWI), as well as the Port of Baltimore, further enhances its logistical advantages. Zoned for industrial use, this property is ideal for warehousing, light manufacturing, automotive services, or contractor services. The property is situated within the Ardwick Industrial Park, near FedEx Field and major businesses like Giant Food's corporate office and distribution centers. The limited availability of comparable industrial properties in this high-demand area makes this a rare opportunity for businesses seeking to establish or expand their operations in a thriving industrial hub. The asking price is $950,000. The property's APN is 20-2275295.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$246,602
Hospitality
$225,886
Educational
$187,934
Medical
$194,398
Retail
$292,342
Location Insight
City
Landover
County
Prince George's
State
Maryland
Latitude
38.9387
Longitude
-76.8593
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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