About This Home
This 0-bedroom, 0-bathroom other at 7300 MARTIN LUTHER KING JR Highway in Hyattsville, MD is listed for $1,700,000. Built in 1940, on a 0.36 acres lot.
Key Features
- Built in 1940
- 0.36 acre lot
- 30 parking spaces
Property Details
Property Overview 6 lots sold together - a unique investment package featuring one standalone commercial building (formerly J&J Transmission) and two single-family homes with rental income potential. Total land area: 1.29 acres. Zoning flexibility - newly designated RMF-20 and RSF-65 zoning allows for a variety of uses including retail and restaura
nts such as Starbucks or similar concepts, office space and convenience stores, and multifamily or townhome development and religious facilities. Prime location and accessibility - strategically positioned on Martin Luther King Jr. Highway just south of Landover Road (MD 202), with high traffic flow, excellent visibility, an on-site WMATA bus stop (A12 and F12 routes), and surrounded by businesses, churches, and residential communities.
Endless Development Potential Commercial expansion - develop a high-traffic retail hub while Investors and developers - this is an opportunity to transform a high-potential site into a thriving destination. Option 2 Own a shipping business and need storage space?
Convert the standalone commercial building into a warehouse while continuing to rent out the two existing homes for steady income. Rental Income Potential Two-bedroom home: $1,900 per month Five-bedroom home: $2,800 per month Total annual rental income from homes: $56,400 Flex space rental after renovation: $8,000 to $10,000 per month Total annual rental income from flex space: $96,000 or more Potential total annual income exceeds $150,000.
If you prefer not to purchase the full portfolio, you may purchase 7300 Martin Luther King Jr. Highway separately for $1.2 million. Contact us today to explore the possibilities
Monthly Cost Estimate
$9,092/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7300 MARTIN LUTHER KING JR Highway
Hyattsville, MD 20785
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom other at 7300 MARTIN LUTHER KING JR Highway is listed at $1,700,000. The estimated monthly payment is $9,092 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.36 acre lot, 30 parking spaces.
This property is listed by Sebrin Adem and can be reached at 7032258292.
