4342-4344 Farragut Street & 5100-5106 Baltimore Avenue
Hyattsville, MD 20781
The Offering
Summary
- List Price $2,220,000
- Total GBA 8,129 SF
- Total Lot Size 8,494 SF
- Zoning NAC
- Occupancy 73%
- Product Types Retail/Office & Parking
- Years Built 1912-1943
Investment Summary
Feldman Ruel is pleased to offer for sale a portfolio of five properties located at the intersection of Baltimore Avenue (Route 1) and Farragut Street in Hyattsville, Maryland’s SoHy business district. The portfolio includes 5106 Baltimore Avenue, 5100 Baltimore Avenue, 4344 Farragut Street, 4342 Farragut Street, and an adjacent parking lot. With 27 percent of it's 8,129 square feet currently vacant, this offering provides both stable income from existing tenants and potential for future value creation through leasing and repositioning. The NAC zoning designation permits a wide range of uses, making it ideal for various business types. The sizes of the retail/office units are designed to meet the needs of small businesses, which are naturally drawn to this unique and vibrant local shopping and entertainment district. Nearby developments, including the 285-unit Canvas project scheduled for completion this year and a proposed 275-unit project at the Justice Center site, signal continued growth and increased demand in the neighborhood.