5000 Tuxedo RdHyattsville, MD 20781

Property Details for 5000 Tuxedo Rd

Year built

2019

Lot size

2.65 AC

Property size (Sq ft)

28,784 SF

Zone code

IH

Property type

Auto shops

APN

02-0131698

APU

20131698

Description

This vacant gas station property at 5000 Tuxedo Rd, Hyattsville, MD 20781, presents a unique investment opportunity. Situated on a high-traffic corner lot at the intersection of Kenilworth Ave and the Route 50 exit ramp in Prince George's County, this property boasts exceptional visibility and accessibility. Its strategic location at the juncture of Route 50 and Route 295 Baltimore-Washington Parkway exit ramps ensures consistent exposure to a large volume of vehicles. The property is classified as retail, with a subtype encompassing gas station, convenience store, and restaurant potential. The current lease type is NNN (Net, Net, Net), and the property is currently vacant, offering flexibility for a variety of uses. Given its location in a food desert with limited gas station options, this site represents a compelling opportunity to serve a significant underserved market. This is the last gas station/ramp before reaching the DC line off Route 50 and Route 295, making it a highly convenient stop for commuters and travelers. The ground lease is available. This property is ideal for an entrepreneur seeking a high-visibility location with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $6,838,719

  6.5%

  $6,312,664

  7%

  $5,861,759

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,237,252

  Geo Method

  $12,114,184

• Alternative Use

  Use

  Valuation

  Residential

  $5,324,968

  Hospitality

  $4,877,642

  Educational

  $4,058,141

  Medical

  $4,197,706

  Retail

  $6,312,664

Location Insight

City

Hyattsville

County

Prince George's

State

Maryland

Latitude

38.9192

Longitude

-76.9286

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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