College Park MD Real Estate & Commercial for Sale

Please contact listing agent for full photo gallery. Six unit multi-family offering. A rare offering for investors seeking a fully updated, high-performing multifamily asset in one of Marylands most rapidly growing rental markets. 7404 Columbia Ave is a beautifully renovated six-unit building producing approximately $109,200+ in annual rental income, supported by steady demand and low operating expenses. The previous rent roll reflects consistent, reliable performance across all units: Unit 1 - $1,500/month Unit 2 - $1,500/month Unit 3 - $1,500/month Unit 4 - $1,600/month Unit 5 - $1,500/month Unit 6 - $1,500/month, with a bonus lower-level area offering potential unit expansion opportunities. Each residence has been thoughtfully modernized with elevated finishes, including quartz kitchen countertops, stainless steel appliances, upgraded cabinetry, tile backsplashes, luxury bathrooms, and durable flooring throughout. Tenants enjoy year-round comfort from mini-split HVAC systems in every unit. The lower level includes a shared laundry area with room for additional storage or future value-add enhancements. Situated on a generous lot, the property features a large paved driveway and parking area accommodating up to nine vehicles, a rare advantage in the College Park rental market. Perfectly located with easy access to I-495 and Route 193, the building sits moments from neighborhood parks, trails, the University of Maryland, restaurants, cafés, and daily conveniences. This central position supports strong tenant retention and positions the asset for long-term appreciation. Whether you're expanding your investment portfolio, considering an owner-occupant strategy, or seeking a 1031 exchange replacement, 7404 Columbia Ave stands out as a fully modernized, income-producing multifamily property in the heart of College Park.

+38,000 SF commercial building with retail showroom, warehouse, administrative space, dedicated parking, and recently replaced roof (2022). Delivered 100% vacant or with existing tenant in place. Located on Rt. 1 / Baltimore Avenue (42,800 AADT) in College Park, MD and strategically positioned between I-495 (DC Beltway) and Rt. 193 with access to the University of MD student population, DC, and MD customers. Second floor office is currently leased to a church on a month-to-month basis but can be delivered 100% vacant. Flexible NAC (Neighborhood Activity Center) zoning allows for a wide range of retail/office/commercial. Improvements are in good condition and present an excellent foundation for an investor to add value through leasing or an owner/user to capture this strategic location in College Park, MD.

Motivated seller: Versatile Zoning: This property is zoned to allow for a mix of residential and commercial uses-student housing, modern retail spaces, or sleek offices. The possibilities here are truly endless, and its perfect for a creative investor ready to bring a visionary project to life. Location, Location, Location: Right along the dynamic corridor of Baltimore Avenue, youre just minutes away from the University of Maryland and surrounded by a mix of residential neighborhoods and commercial hotspots. This area is always in demand, and youre tapping into a strong and growing market. Endless Potential: Imagine building a mixed-use development with retail on the ground floor and condos or apartments above, or perhaps a bustling shopping plaza catering to the needs of the vibrant College Park community. This property isnt just a piece of land-its an opportunity to create something that will thrive in a lively and expanding area