$2,600,000
$3,200,000
18.8%For more information regarding the value of a property, please contact us for a free consultation.
1.05 Acres Lot
SOLD DATE : 06/28/2022
Key Details
Sold Price $2,600,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDPG2008790
Sold Date 06/28/22
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $7,261
Tax Year 2021
Lot Size 1.051 Acres
Acres 1.05
Property Description
Investors Alert!!! Excellent RARE investment opportunity. This 1.05 Acer Lot is currently zoned I-2 (Industrial) and is being used as heavy Duty Dump Truck Parking Lot. The current tenant will be vacating the Lot soon as his lease will be expiring by the end of this month. The tenant was paying $10,000.00 per month however the seller has other applicant that are looking to rent the Lot for $14,000.00 per month (5% CAP) to park trucks on the Lot. as of right now the property is up for lease and sale. Seller can either lease the property for $14,000 per month and Sell the property with tenant or you can purchase and owner occupy yourself. If you decide to owner occupy you can charge 200-250 per month per truck and park up to 100 trucks. with 0$ over head except Property Tax
Location
State MD
County Prince Georges
Zoning I2
Exterior
Waterfront N
Water Access N
Garage N
Building
Lot Description Corner, Level, Private
Sewer Public Sewer
Water None
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17161811462
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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