This is a great opportunity for an investor seeking cash flow or a user/owner. It is also an opportunity for an infill developer/re-developer.

This property is over 25,000 square feet and sits on 2.3 acres of paved land with great parking. It was originally built in the 1960's as a Safeway grocery store and later housed a Hardware City store for over twenty years. The current owner purchased the property in 2008 and successfully converted it into a multi-tenant property. The property is fully leased with triple-net leases generating net income in the mid $200,000s.

The property sits in the path of progress as more than 1,700 new single family and luxury town-homes are being built in the Fairwood neighborhood surrounding the property. Home prices in this young neighborhood start at $400,000 and up.

The City of Bowie is Maryland's fifth largest city and is one of only two Maryland cities with a Triple - A credit rating. The average household income within 3 miles of the property is more than $130,000 compared to the U.S. average household income of $77,008. This successful community continues to attract new retailers such as Harris Teeter, has opened a store in fall 2016 and German grocery chain, Lidl, scheduled to open one of its first U.S. stores nearby in 2018.

Location Description:

West Bowie Village is located along Old Annapolis Road near Church Road in Bowie, Maryland. The property is convenient to U.S. Route 50 and to Maryland Route 450, each providing easy access to Washington DC and Annapolis, MD the state capitol

The property fronts Old Annapolis road with direct access to both Old Annapolis road and Church Road via a driveway that conveys with the property.

Highlights:

>> Great property for investor, owner occupier or Developer

>> Strong area household income

>> Well educated labor force

>> Easy Commute to Washington DC, Annapolis, MD and Fort Meade

>> New national retailers nearby

>> Bowie State University

>> May qualify for County and City Incentives

* Email for additional photos

Sales Info:

>> Commision split: 1.75%