Prime location with excellent visibility and high traffic volume. Continuously updated retail property is in excellent condition. The inventory, furniture and fixtures are not included -- but are negotiable.
Long & Foster Commercial has been retained to offer, Bexley Place Shopping Center, which represents a rare opportunity to acquire 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 property features 7 fully-leased spaces about a mile off of Interstate Highway 495 and mere feet from Route 5. This provides key access to roads with high vehicle traffic, with an easily accessible and attractive location. Currently, the property is self-managed featuring an assortment of local tenants. There remains significant potential to renovate or improve the property to increase the rental rates for tenants. However, even with the low rental rates currently offered in the shopping center, this fullyleased property provides the owner with an annual income of almost $410,000. The property is being offered at $5,500,000 ($202 PSF)
Suitland is located in Maryland. Suitland, Maryland has a population of 26,375. Suitland is less family-centric than the surrounding county with 18.48% of the households containing married families with children. The county average for households married with children is 26.76%.
The median household income in Suitland, Maryland is $64,652. 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 Suitland is 35.8 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 25.1 degrees. The average rainfall is approximately 43.9 inches per year, with 13.7 inches of snow per year.
