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)
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 23rd March, 2023 5:11 PM (UTC)