1. Maryland
  2. Hyattsville
  3. 7300 MARTIN LUTHER KING JR HWY
$1,790,000

7300 MARTIN LUTHER KING JR HWY, Hyattsville, MD 20785

  • Property Icon other
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

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 $1.2 million. 📞 Contact us today to explore the possibilities!

Listing Status:
Active
Listing Office:
RE/MAX Allegiance : 7032379500
Listing Agent:
Sebrin Adem : 7032258292
MLS ID:
MDPG2144528
  • A/C: None
  • Heating: None
  • Disability Feature: None

This listing courtesy of Sebrin Adem, RE/MAX Allegiance

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Columbia Park Elementary School

1901 Kent Village Dr, Hyattsville, MD, 20785

Grades PK-6

0.39 miles away

E

Excel Academy Public Charter

7910 Scott Rd, Hyattsville, MD, 20785

Grades KG-8

0.63 miles away

F

Fairmont Heights High School

6501 Columbia Park Rd, Hyattsville, MD, 20785

Grades 9-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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