Estate Sale – income producing commercial property. The property is located on Route 1 (Baltimore Avenue) approx 1.5 miles south of the College Park campus of the University of Maryland. The property fronts Route 1 with an excellent high traffic count (Traffic Count: 25,525 in 2003) and also offers rear access to Harrison Ave. The current income is generated by an existing tenant who occupies an upstairs apartment and deli business on the lower level of the improvement. The current triple net lease of $1,800 is month-to-month although tenant and deli business have been there since 1984.
The property consists of 3 parcels totaling +/- 0.63 acres/27,365 SF with a +/- 1,890 s.f. two story building Property zoned MUTC (formally CSC). See conceptual plans for 9,000 SF (+/-) retail/office bldg included in this package.
This is an incredible opportunity to be just 4 blocks away from the new “Arts District Hyattsville”. Arts District Hyattsville features a unique mix of townhomes, retail shops, and live-work homes, as well as the area's most unique new community center complete with a fitness center, art gallery, studio space, and billiard's lounge.
Preview Date and Time:
April 6th & 13th from 11 am to 1 pm
and by appointment
Auction Date and Time:
Tuesday, April 20th at 11 am
Property and Auction Location:
6029 – 6033 Baltimore Ave
Riverdale MD 20737
David Lowry, Tranzon Fox 410-871-0075 or 888-621-2110