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8616 Baltimore Ave 1.46 Acres of Commercial Land Offered at $8,900,000 in College Park, MD 20740

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INVESTMENT HIGHLIGHTS

Zoned NAC (Neighborhood Activity Zone)
Currently Self Serve Car Wash

6-8 months Site Development Concept Plan, stormwater/floodplain management plan
Within College Park City limits

EXECUTIVE SUMMARY

1.45 acres
DVT approx 40k
Zoned NAC (Neighborhood Activity Zone)
22-30 Mo Development Timeline
6-8 months Site Development Concept Plan, stormwater/floodplain management plan
8-12 months to get through site plan approval
8-10 months for the technical permit review of the drawings
Currently Self Serve Car Wash
800 Amp 3 Phase Power
Within College Park City limits

8616 baltimore ave development lot

PROPERTY FACTS

Price	$8,900,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Condition	Redevelopment Project	Total Lot Size	1.46 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$8,900,000
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	1.46 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 LOT AVAILABLE

Lot

Price	$8,900,000	Lot Size	1.46 AC
Price Per AC	$6,095,890.41

Price	$8,900,000
Price Per AC	$6,095,890.41
Lot Size	1.46 AC

PROPERTY TAXES

Parcel Number	21-2347102	Improvements Assessment	$529,300
Land Assessment	$1,931,100	Total Assessment	$2,460,400

PROPERTY TAXES

Parcel Number

21-2347102

Land Assessment

$1,931,100

Improvements Assessment

$529,300

Total Assessment

$2,460,400

ZONING

Zoning Code	NAC (Neighborhood Activity Center aims to foster quality, mixed-use development that aids economic growth, reduces car use, and supports walkable areas.)
NAC (Neighborhood Activity Center aims to foster quality, mixed-use development that aids economic growth, reduces car use, and supports walkable areas.)

Listing ID: 35171479
Date on Market: 3/18/2025
Last Updated:
Address: 8616 Baltimore Ave, College Park, MD 20740

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8616 Baltimore Ave, College Park, MD for sale Primary Photo- Image 1 of 2 — Screenshot 2025-03-18 at 10.28.30?PM

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