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8429 Baltimore Ave
College Park, MD 20740

EcoGrads · Land For Sale · 0.49 AC

Investment Highlights

  • Approved Detailed Site Plan for 123 units of TOD
  • Developing housing for the elderly may allow for an exemption from County school impact fees and a reduced parking requirement
  • Market demand for studios, affordable and elderly units
  • Located in Qualified Opportunity Zone (QOZ) and Qualified Census Tract (QCT)
  • Located within 1 mile than from future Purple Line station, within a half mile from Campus, and 1 block to LIDL
  • Corner lot offers frontage on two roads

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
Total Lot Size 0.49 AC

Description

The property, also known as EcoGrads, is 0.52 acres of vacant land fully entitled to develop 123 residential units on a corner lot on Route 1 in the heart of College Park. For more information than our flyer below, contact Adam Stein at (202) 603-5587 and/or astein@bwreb.com. Thank you.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-2292514
Land Assessment
$866,500
Improvements Assessment
$0
Total Assessment
$866,500

zoning

Zoning Code MUI (Mixed use infill)
MUI (Mixed use infill)
  • Listing ID: 31094955

  • Date on Market: 3/1/2024

  • Last Updated:

  • Address: 8429 Baltimore Ave, College Park, MD 20740

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