7300 MARTIN LUTHER KING JR HWY Active Save Request In-Person Tour Request Virtual Tour
Hyattsville,MD 20785
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
Year Built 1940
Annual Tax Amount $4,500
Tax Year 2024
Lot Size 0.355 Acres
Property Sub-Type Mixed Use
Property Description
🚨 PRIME DEVELOPMENT OPPORTUNITY – 1.29 ACRES 🚨
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!
If you don't want to purchase the other properties together, you can choose to purchase just 7300 Martin Luther King Jr Hwy separately for $1 million.
📞 Contact us today to explore the possibilities!
Location
State MD
County Prince Georges
Zoning RMF20
Interior
Hot Water None
Heating None
Cooling None
Exterior
Garage Spaces 30.0
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Special Listing Condition Standard