Description
Long & Foster Commercial has been retained to offer, BexleyPlace Shopping Center, which represents a rare opportunity toacquire 27,200 SF neighborhood retail center in the DMV area.Located in Suitland, Maryland of Prince George's County, approximately 10 miles East of Washington, DC. The propertyfeatures 7 fully-leased spaces about a mile off of InterstateHighway 495 and mere feet from Route 5. This provides keyaccess to roads with high vehicle traffic, with an easily accessibleand attractive location. Currently, the property is self-managedfeaturing an assortment of local tenants. There remainssignificant potential to renovate or improve the property toincrease the rental rates for tenants. However, even with the lowrental rates currently offered in the shopping center, this fullyleased property provides the owner with an annual income ofalmost $410,000.The property is being offered at $5,500,000 ($202 PSF)
-
0BEDS
-
2.95ACRES
-
0BATHS
-
01/2 BATHS
Description
Long & Foster Commercial has been retained to offer, BexleyPlace Shopping Center, which represents a rare opportunity toacquire 27,200 SF neighborhood retail center in the DMV area.Located in Suitland, Maryland of Prince George's County, approximately 10 miles East of Washington, DC. The propertyfeatures 7 fully-leased spaces about a mile off of InterstateHighway 495 and mere feet from Route 5. This provides keyaccess to roads with high vehicle traffic, with an easily accessibleand attractive location. Currently, the property is self-managedfeaturing an assortment of local tenants. There remainssignificant potential to renovate or improve the property toincrease the rental rates for tenants. However, even with the lowrental rates currently offered in the shopping center, this fullyleased property provides the owner with an annual income ofalmost $410,000.The property is being offered at $5,500,000 ($202 PSF)
©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or City Smart Living | Keller Williams Metro Center. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-03T23:50:33.863.