Homes for sale - 601 & 605 EASTERN AVE NE, Capitol Heights, MD 2074...

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,336 sqft

Price per Sqft $107

Subdivision Capitol Heights

MLS Listing ID MDPG2156166

Year Built 1969

Annual Tax Amount $8,931

Tax Year 2024

Lot Size 6,500 Sqft

Acres 0.15

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

We are pleased to exclusively represent the owners of 601 & 605 Eastern Avenue in Capitol Heights, Maryland — a compelling mixed-use investment offering comprised of an income-generating commercial/office building and an adjacent vacant lot, both situated in the municipality of Fairmount Heights. This is a unique opportunity to acquire 6,336 SF mixed-use property with significant upside through renovations, and strong long-term value and purchase an adjacent .22 acre parcel with redevelopment potential, in an improving Prince George's County submarket just minutes from Washington, D.C.

The property at 601 Eastern Avenue is a ±6,336-square-foot, two-story building with a mix of office and residential configurations. The existing floor plans support a variety of potential uses including medical office, professional services, or creative workspace, along with apartment-style rooms that could be converted or leased. Currently zoned CGO (Commercial General Office), the building features multiple entrances for future tenants, and open interior space for a large or small office tenants. The structure was originally built in 1969 and, while well-maintained, it is in need of cosmetic and systems upgrades, making it a true value-add opportunity for a hands-on investor or developer.

Included in the offering is 605 Eastern Avenue, a 9,705-square-foot vacant residentially zoned lot (RSF65) directly adjacent to the main structure. With street frontage and over 0.22 acres of land, this lot offers flexible development options—whether as additional parking, future multifamily or residential construction, or green space to enhance tenant experience.

Capitol Heights and the neighboring Fairmount Heights community are experiencing increased investor interest due to their proximity to the D.C. line, accessible transit options, and relatively affordable acquisition costs. Local home values are trending upward, with strong rental demand driven by families, professionals, and small businesses seeking more space at a lower price per square foot than in the district. The nearby Addison Road-Seat Pleasant Metro Station provides direct access to downtown D.C., while the Eastern Avenue corridor continues to attract new development activity and municipal attention.

This dual-parcel and build acquisition provides a rare opportunity to invest in a mixed-use asset with clear operational upside and long-term redevelopment potential. Whether used as a cash-flowing commercial building with added land value or for a business owner seeking a new space, 601 & 605 Eastern Avenue offers flexibility, scale, and strategic location.

Location

State MD

County Prince Georges

Zoning CGO

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Ceramic Tile,Concrete,Partially Carpeted

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Utilities Available Electric Available,Phone Available,Sewer Available,Water Available

Water Access N

Roof Type Shingle

Street Surface Access - On Grade

Accessibility None

Road Frontage Public

Total Parking Spaces 10

Garage N

Building

Lot Description Additional Lot(s)

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Prince George'S County Public Schools

Others

Tax ID 17182107092

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash,Conventional,Exchange,FHA 203(k),FHA

Listing Terms Cash,Conventional,Exchange,FHA 203(k),FHA

Financing Cash,Conventional,Exchange,FHA 203(k),FHA

Special Listing Condition Standard