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Listed by Anita John • Engel & Volkers Washington, DC
$ 1,750,000
Est. payment /mo
Active
Address not disclosed District Heights, MD 20747
7,841 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDPG2198748
Year Built 1958
Available Date 2026-04-17
Annual Tax Amount $6,514
Tax Year 2026
Lot Size 7,841 Sqft
Acres 0.18
Property Sub-Type Retail
Source BRIGHT
Property Description
UPDATE: Newly renegotiated lease with 5% escalation | 7.32% Cap Rate
Available for the first time in 70 years, 7605-7609 Marlboro Pike is a ±3,710 SF fully-leased retail asset offering immediate, high-performance cash flow. The property is 100% occupied by long-term tenants, recently bolstered by a newly renegotiated lease for the nail salon suite featuring 5% annual rent escalations. This lease structure provides a superior yield-on-cost and protection against inflation, supporting a robust 7.32% Cap Rate at the $1,750,000 list price.
Positioned on a high-visibility corridor (31,000 VPD) within a Prince George's County revitalization zone, the asset has maintained a legendary 0% vacancy rate under family ownership since 1956. This is a premier 1031 exchange opportunity, offering rare stability combined with aggressive rental growth.
For investors, this translates into a compelling profile:
- In-place income today
- Basis below replacement cost in a transitioning corridor
- Exposure to a multi-year redevelopment initiative backed by local planning authorities
Please do not disturb tenants. Notify advisor if you require access inside each shop.
Available for the first time in 70 years, 7605-7609 Marlboro Pike is a ±3,710 SF fully-leased retail asset offering immediate, high-performance cash flow. The property is 100% occupied by long-term tenants, recently bolstered by a newly renegotiated lease for the nail salon suite featuring 5% annual rent escalations. This lease structure provides a superior yield-on-cost and protection against inflation, supporting a robust 7.32% Cap Rate at the $1,750,000 list price.
Positioned on a high-visibility corridor (31,000 VPD) within a Prince George's County revitalization zone, the asset has maintained a legendary 0% vacancy rate under family ownership since 1956. This is a premier 1031 exchange opportunity, offering rare stability combined with aggressive rental growth.
For investors, this translates into a compelling profile:
- In-place income today
- Basis below replacement cost in a transitioning corridor
- Exposure to a multi-year redevelopment initiative backed by local planning authorities
Please do not disturb tenants. Notify advisor if you require access inside each shop.
Location
State MD
County Prince Georges
Zoning CGO
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 20.0
Utilities Available Other
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17060471755
Ownership Fee Simple
Special Listing Condition Standard
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