Shirtan Shopping Center

9121 Piscataway Rd Clinton, MD 20735

9121 Piscataway Rd, Clinton, MD, 20735
9121 Piscataway Rd, Clinton, MD, 20735 9121 Piscataway Rd, Clinton, MD, 20735 9121 Piscataway Rd, Clinton, MD, 20735 9121 Piscataway Rd, Clinton, MD, 20735 9121 Piscataway Rd, Clinton, MD, 20735
FOR SALE
Property Type:
Strip Center
Amount:
$1,940,000
Last Verified:
Jul 17, 2024

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Highlights

  • - Property features 49 parking spaces
  • - Rare smaller shopping center asset in PG County
  • - 7 units for diverse leasing opportunities
  • - Zoned CGO for versatile commercial use
  • - Located in the strong Clinton-area, a Washington, DC suburb
  • - 100% occupancy for immediate income
  • - Proximity to major thoroughfares for easy access
  • - Signage with visibility on Piscataway Road
  • - Traffic counts of 16,634 cars per day
  • - 8,379 SF and 3,741 SF buildings

Description

Introducing a prime retail and strip center investment opportunity in the thriving Clinton area. This rare property features 12,155 square feet across 2 buildings with 7 units total. Zoned CGO, the property provides a versatile platform for a range of commercial endeavors. With a 100% occupancy rate, this well-maintained property ensures immediate income. Proximity to Washington, DC and tenants that cater to the local community make this an attractive investment.

Located in Clinton, MD, this shopping center benefits from a strong local community of 50,774 residents within 3 miles. The population is projected to increase by 3.8% between 2023-2028 which showcases growth in the community (CoStar).

The property has a strategic location with convenient access to major thoroughfares such as Branch Avenue. Additionally, there are solid traffic counts of 16,634 cars per day on Piscataway Road which demonstrates consumers are traveling by the property.


Year Built: 1991
Building Size: 12120sq ft
Building Class: C
Lot Size: 1.18 acres

Map of 9121 Piscataway Rd, Clinton, MD, 20735

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.