7%+ CAP RATE here! Lender financing special on this home with interest rates in the mid-high 6's- call for details! Live on the luxury townhomes on top and rent out the lower level or the entire property for a 7% CAP Rate! Located in the vibrant Hyattsville Arts District, this unique mixed-use property offers an incredible opportunity to own a versatile commercial and residential property in a highly convenient location. The street-level commercial space is currently occupied by a nail salon and features excellent storefront visibility, a private half bath, and separate utilities. The spacious residential townhome above offers 4 bedrooms, 3.5 baths, and three levels of stylish and comfortable living space. The main level features a bright, open-concept living and dining area with high ceilings, walls of windows, crown molding, rich hardwood flooring and an elegant and cozy gas fireplace. The updated kitchen features gleaming granite countertops, 42” cabinetry, custom tile backsplashes, and stainless-steel appliances including a gas cooktop. A seated bar and breakfast nook are ideal for daily dining. A convenient pantry and powder room round out the main level. Hardwood flooring continues upstairs and into the primary suite boasting a wall of windows, walk-in closet, and ensuite bath with a granite topped dual sink vanity, water closet, soaking tub and glass enclosed shower. Two additional light-filled bedrooms, each with hardwood flooring, share a well-appointed hall bath. The top level also with gleaming hardwoods, offers an additional 4th bedroom with a walk-in closet, full bath, laundry, and a spacious flexible loft/bonus space with windows on two walls that fill the space with natural light. Step out a glass door to enjoy outdoor living from the private rooftop terrace. Additional highlights include separate utilities for the commercial and residential spaces and 3 dedicated rear parking spaces. Ideally located near Metro and MARC with easy access to shops, restaurants, walking and biking trails, and community amenities including a community center, fitness center, party room, and outdoor pool and playground. With potential combined rental income of approximately $6,000/month, this is a fantastic opportunity for investors or buyers looking for a distinctive live/work property in the heart of Hyattsville! Some photos are virtually staged
Versatile commercial warehouse featuring a spacious open-bay layout with no interior columns, allowing maximum flexibility for storage, distribution, light manufacturing, or other business operations. The property includes two private offices, two bathrooms, and a mezzanine for additional workspace or storage. The warehouse offers an approximately 18-foot clear ceiling height and a 12-foot roll-up door for convenient loading and unloading. Ideally located with easy access to major transportation routes and Washington, D.C., this property provides an excellent opportunity for businesses seeking functional industrial space in a convenient Hyattsville location.
FOR SHOWING PLEASE TEXT/CALL THE OWNER ALL APPOINTMENTS MUSTAPPROVED, DO NOT DISTURB TENANTS. COMMERCIAL BUILDING on high traffic Queens Chapel Road. WALK TO WEST HYATTSVILLE METRO & Prince George's Plaza Mall & Metro. Zoning changed on 4/1/22 with great possibilities for REDEVELOPMENT, office, retail, and/or mixed use. However, check with Prince George's County for other uses. Seller, their Agent and/or Broker do not guarantee Zoning information. All interested parties to contact Prince George’ County for Zoning regulations and accuracy.
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 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 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
Hyattsville is located in Maryland. Hyattsville, Maryland has a population of 20,790. Hyattsville is more family-centric than the surrounding county with 28.4% of the households containing married families with children. The county average for households married with children is 26.76%.
The median household income in Hyattsville, Maryland is $84,763. The median household income for the surrounding county is $91,124 compared to the national median of $69,021. The median age of people living in Hyattsville is 34 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 25.6 degrees. The average rainfall is approximately 43.1 inches per year, with 13.6 inches of snow per year.
