7300 Martin Luther King Jr Highway Hyattsville, MD 20785

$1,700,000
0.36
Acres
$1,700,000
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Property Overview6 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 restaurants 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 PotentialCommercial 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 2Own 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 PotentialTwo-bedroom home: $1,900 per monthFive-bedroom home: $2,800 per monthTotal annual rental income from homes: $56,400Flex space rental after renovation: $8,000 to $10,000 per monthTotal annual rental income from flex space: $96,000 or morePotential 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

Property Overview6 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 restaurants 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 PotentialCommercial 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 2Own 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 PotentialTwo-bedroom home: $1,900 per monthFive-bedroom home: $2,800 per monthTotal annual rental income from homes: $56,400Flex space rental after renovation: $8,000 to $10,000 per monthTotal annual rental income from flex space: $96,000 or morePotential 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

  • Neighborhood
  • Type
  • County
    Prince Georges
  • Tax Amount
    $4,631
  • Status
    Active
  • Listing #
    MDPG2201814
  • Built
    1940
  • Lot Size
    0.36
  • Listed on site
    30 days
  • Listing Agent Id
    121137125234

Listed by:
RE/MAX Allegiance

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
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