410-627-6881
8567-8587 Fort Smallwood Rd, Pasadena, MD for Sale
Storefront - FOR SALE
1/5
null | Request Cap Rate

8567-8587 Fort Smallwood Rd
Pasadena, MD 21122
Riviera Beach


HIGHLIGHTS

  • Neighborhood shopping center with Dollar General and Pizza Boli’s
  • Value-add 38K SF anchor opportunity (grocer, fitness, medical, gas & c-store)
  • Over 50% leased to a mix of national and local retailers
  • Below-market rents with flexibility on lease terms to increase NOI
  • Ample on-site parking (500 spaces ±)

OVERVIEW

Pine Grove Village Shopping Center is a neighborhood retail hub anchored by national tenants such as Dollar General and Pizza Boli’s. Offering a value-add opportunity with a 38,000 SF anchor space, the center is ideal for uses such as grocery, fitness, medical, gas, or convenience store. Over 50% of the center is currently leased to a healthy mix of national and local retailers. With below-market rents and flexible lease terms, there is strong potential to increase NOI. The property provides ample on-site parking with approximately 500 spaces and includes a 0.5-acre pad site, well-suited for a QSR (Quick Service Restaurant). Strategically located with easy access to I-97 and I-695 and in close proximity to BWI Airport, the center also boasts nearly 700 feet of frontage in an underserved trade area, offering high visibility and significant upside potential.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Grove Village Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

7.6 AC

LAND SF

331,056 SF

ZONING

C-3

APN/PARCEL ID

03-647-23267400

ASK ABOUT THIS PROPERTY

Mike RuoccoMacKenzie CommercialMore Info
410-627-6881

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Mike RuoccoMacKenzie CommercialMore Info
410-627-6881

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