Retail Space - For Sale
3510 Rhode Island Avenue Mount Rainier, MD 20712
Details & Description
Price: $1,350,000
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.160
  • Building Sq Ft 5,930
  • Building Price per Sq Ft $227.66
  • Land Sq Ft 6,969
  • Land Price per Sq Ft $193.72
Commercial Building in Gateway Arts DistrictHighlights5,930± SF commercial building with multifamily potentialRecently renovated with new exterior and paved lotThree stories with studio spaceCurrent tenants with flexible lease termsAbundant parking on newly-paved lot in rear and street parkingSeparately metered electricExcellent investor opportunityZoned R-18Gross operating income estimated at $96,720 annually (below market rents & room for growth)Located along busy Route 1 corridor in the Gateway Arts District, near many amenities and new developments
Listing Agents
James Miers

O: 301-918-2927
jmiers@naimichael.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3510 Rhode Island Avenue

Mount Rainier, MD 20712

Listing ID: 244489
Property No Longer Listed
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.160
  • Building Sq Ft 5,930
  • Building Price per Sq Ft $227.66
  • Land Sq Ft 6,969
  • Land Price per Sq Ft $193.72
  • 3510 Rhode Island Avenue Mount Rainier, MD 20712 | for Sale | Photo 1
  • 3510 Rhode Island Avenue Mount Rainier, MD 20712 | for Sale | Photo 2
  • 3510 Rhode Island Avenue Mount Rainier, MD 20712 | for Sale | Photo 3
3510 Rhode Island Avenue | for Sale | Thumbnail 1
3510 Rhode Island Avenue | for Sale | Thumbnail 2
3510 Rhode Island Avenue | for Sale | Thumbnail 3
Description

Commercial Building in Gateway Arts District

Highlights

5,930± SF commercial building with multifamily potential

Recently renovated with new exterior and paved lot

Three stories with studio space

Current tenants with flexible lease terms

Abundant parking on newly-paved lot in rear and street parking

Separately metered electric

Excellent investor opportunity

Zoned R-18

Gross operating income estimated at $96,720 annually (below market rents & room for growth)

Located along busy Route 1 corridor in the Gateway Arts District, near many amenities and new developments

Attachments & Files

Mount Rainier Area Market Trends

Listing Demographics for 3510 Rhode Island Avenue Mount Rainier, MD 20712

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population22,582208,634757,326
Population Median Age393736
Population by Age0-9 Yrs2973 (13%)27710 (13%)94419 (12%)
10-19 Yrs2323 (10%)23990 (11%)76934 (10%)
20-29 Yrs2841 (12%)32820 (15%)140447 (18%)
30-39 Yrs3314 (14%)35943 (17%)150631 (19%)
40-49 Yrs3412 (15%)26129 (12%)93838 (12%)
50-59 Yrs2817 (12%)24599 (11%)83406 (11%)
60-69 Yrs2859 (12%)20135 (9%)64979 (8%)
70+ Yrs2043 (9%)17308 (8%)52672 (6%)
Median HH Income$66,072$64,155$78,947
Total Household Income< 24K1592 (18%)14746 (19%)48783 (17%)
25-49K1624 (18%)14934 (19%)45635 (16%)
50-74K1743 (19%)12767 (17%)42270 (14%)
75-99K1004 (11%)9417 (12%)33669 (11%)
100-199K2192 (24%)17331 (23%)75263 (26%)
200K+636 (7%)5624 (7%)38391 (13%)
Highest Education LevelNo Diploma29922615181241
Diploma or GED366935963107318
Some College28572534574119
Assoc. Degree809677519823
Bachelors Degree311725772116357
Higher Degree271522790131957
Total Housing Units9,32981,185310,335
--Owner-Occupied4,48033,343122,722
--Renter-Occupied4,31041,474161,290
Owner-Occupied Values< 100K6510103751
100-199K29422819515
200-299K1042696721036
300-399K1054792221601
400-499K914585015790
500K+1111931551028
Total Working Age Population18,194167,057622,826
In Work Force12,898114,993448,653
Not In Work Force5,29752,065174,173
Workforce Employed12,075106,641418,900
Workforce Unemployed7858,20328,130
Civlian Workforce12,860114,844447,030
Military Workforce381491,623
Total Households8,79074,817284,012
Family Households4,48240,513138,467
Non-Family Households4,30834,305145,545
Married Couple2,95022,10480,543
Other Family1,53218,40957,924
Married w/Child1,2259,81633,089
Single Male w/Child1102,0866,624
Single Female w/Child5496,07618,992

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
District of Columbia572,059+5601,723+21729,501+15842,154
District of Columbia572,059+5601,723+21729,501+15842,154
Maryland5,296,486+95,773,552+66,141,900+66,518,750
Montgomery County873,341+11971,777+81,052,050+71,128,800
Prince Georges County801,515+8863,420+6916,150+4952,950
Virginia7,078,515+138,001,024+88,655,021+89,331,666
Arlington County189,453+10207,627+20249,298+10274,339
Fairfax County969,749+121,081,726+71,162,504+71,244,025

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Closest Commercial Airports
Airport Distance (mi)
Ronald Reagan Washington National Airport (DCA) 7
Baltimore Washington International (Thurgood Marshall Airport) (BWI) 23
Washington Dulles International Airport (IAD) 27