The Offering

Summary

  • List Price $925,000
  • Product Subtypes Retail/Office, Multifamily, Industrial
  • Gross Building Area 5,676 SF
  • Occupancy 57%
  • Total Street Frontage 193'2"
  • Zoning LMUTC

Investment Summary

Feldman Ruel is pleased to offer for sale 3900 38th Street, a 5,676-square-foot mixed-use property in Brentwood, Maryland configured for retail/office, industrial, and multifamily use. The subject property is zoned LMUTC, which allows a broad range of commercial uses. Situated on a corner with parking along a busy thoroughfare, 3900 38th Street is ideally positioned for small business operators seeking the opportunity to generate additional income by leasing a portion of the subject property. A partial user or investor can enhance revenue by leasing the first level at a market-rate NNN rent, reconfiguring the oversized multifamily units for higher returns, and exploring the potential to expand the second level above the single-level industrial space. 3900 38th Street is located one half-mile from Washington, D.C. in the Gateway Arts Corridor, where grants and incentives are available for arts-related uses.

Investment Highlights

• 2-Level Mixed-Use Property | Includes 2-Bay Garage with 12-Foot Ceiling Heights

• Ideal for Partial-Users or Investors | 57% Occupied with Mostly MTM Tenants
• 193 Feet of Combined Street Frontage | Traffic Count of 10,000+ VPD

• Located in the Gateway Arts District | 0.5 Miles from Washington, D.C.

Listing Agents

Hannah McCann

Hannah McCann

LaMarr Datcher

LaMarr Datcher

Brandon Cardwell

Brandon Cardwell

Investment Associate
Feldman Ruel