Commercial/Residential/Retail Use Property For Sale – 5700 Baltimore Avenue, Hyattsville, MD
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Offering Memorandum
$575,000
Exclusively represented by
Meliker Realty
Mike Meliker
301-641-6929
mike@melikerrealty.com
Property Description
The building is a commercial retail/residential use property. Built in 2008, it has an Above Grade Living Area of approximately 2,000sf. There is a 500sf street level entrance on Baltimore Avenue and a separate entrance for 1,500sf upstairs, which is currently in use as residential, but will be vacated on or before July 31, 2020. There is also a rooftop patio overlooking Baltimore Avenue.
Location Description
5700 Baltimore Avenue is located approximately 2 miles south of the University of Maryland College Park campus. Next to DeMatha Catholic High School, the property is a part of the Gateway Arts & Entertainment District, as well as The Lustine Center.
Property Highlights
- Dual zoning with Commercial and Residential designation.
- City of Hyattsville Business Resources Guide
- Member of the Lustine Center HOA
- Two designated parking spaces
- Annual property tax $8,000
- Monthly HOA $192
- Water construction assessment $500
- Residential unit monthly rent was $2,225
- Previous commercial rent $1,500 monthly
- Retail space is currently empty and painted all white