7300 MARTIN LUTHER KING JR HWY Hyattsville, MD 20785
3,023 SqFt
UPDATED:
03/13/2025 05:36 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,023 sqft
Price per Sqft $595
MLS Listing ID MDPG2144528
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $4,500
Tax Year 2024
Lot Size 0.355 Acres
Acres 0.36
Property Sub-Type Mixed Use
Property Description
Option 1,
PORTFOLIO SALE – 6 LOTS | COMMERCIAL & RESIDENTIAL MIX
Unlock the full potential of 7300 Martin Luther King Jr. Highway, a highly visible 1.29-acre portfolio offering a rare mix of commercial and residential properties in a prime Prince George's County location.
Property Overview:
✔ 6 LOTS SOLD TOGETHER – A unique investment package featuring:
One standalone commercial building (formerly J&J Transmission)
Two single-family homes with rental income potential
Total land area: 1.29 acres
✔ Zoning Flexibility – Newly designated RMF-20 & RSF-65 zoning allows for a variety of uses:
Retail & Restaurants (Starbucks or equivalent)
Office Space & Convenience Stores
Multifamily or Townhome Development
✔ Prime Location & Accessibility – Strategically positioned on MLK Jr. Highway, just south of Landover Road (MD 202), with:
High traffic flow & excellent visibility
WMATA bus stop on-site (A12 & F12 routes)
Surrounded by businesses, churches, and residential communities
Endless Development Potential:
🏢 Commercial Expansion – Develop a high-traffic retail hub while keeping rental income from existing homes.
🏡 Residential Growth – Build a modern townhome community in a sought-after location.
💡 Mixed-Use Possibilities – Create a live-work-play environment with shops and housing.
📢 Investors & Developers – This is your chance to transform a high-potential site into a thriving destination!
Option 2.
Own a shipping business and need storage space? Convert this standalone commercial building into a warehouse while continuing to rent out the two existing homes for steady income!
💰 Rental Income Potential:
🏡 2-Bedroom Home: $1,900/month
🏡 5-Bedroom Home: $2,800/month
✔ Total Annual Rental Income (Homes): $56,400
🏢 Flex Space Rental (After Renovation):
💼 $8K–$10K/month
✔ Total Annual Rental Income (Flex Space): $96,000+
📈 Potential Annual Income: Over $150K!
📞 Contact us today to explore the possibilities!
Location
State MD
County Prince Georges
Zoning RMF20
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 30.0
Water Access N
Accessibility None
Total Parking Spaces 30
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17131408574
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Agent | License ID: 0225247736
+1(804) 869-9416 | khaliyah@newcanaanproperties.com