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4401 Rhode Island Ave 0.67 Acres of Commercial Land Offered at $875,000 in Brentwood, MD 20722
INVESTMENT HIGHLIGHTS
- Prominent Development Site Along Route 1 within 1 Mile of Washington, D.C.
- Feasibility Study Shows New Development Potential | 60 Units & 55 Parking Spaces
- Gateway Arts District | 2022 Zoning Change Allows Commercial & Mixed-Use
- Below Market Pricing | $29.89/SF of Lot or $14,583/Raw Unit
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $875,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.67 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | NAC | ||
| Price | $875,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.67 AC |
| Opportunity Zone |
Yes |
| Zoning | NAC |
1 LOT AVAILABLE
Lot 1-8
| Price | $875,000 | Lot Size | 0.67 AC |
| Price Per AC | $1,302,096.90 |
| Price | $875,000 |
| Price Per AC | $1,302,096.90 |
| Lot Size | 0.67 AC |
DESCRIPTION
4401 Rhode Island Avenue presents a rare opportunity to acquire a prominent site at below-market value in an area that is slated for significant development. Within one-quarter mile of the subject property, over 400,000 square feet of lots zoned NAC are on the market for sale, under contract, or just closed with asking prices averaging at $68.75 per square foot of lot. The subject property is listed at $29.89 per square foot of lot. In April 2022, Prince George’s County rezoned many properties along the Route 1 corridor inside of the Beltway as Neighborhood Activity Center (NAC). NAC development standards encourage mixed-use and walkable neighborhoods. Multifamily use and a broad range of general commercial uses are permitted, such as restaurants, other retail, offices, places of worship, cultural facilities, as well as light industrial uses such as artisan manufacturing and research and development. Heavier industrial uses that have historically operated from nearby warehouses are expected to be phased out as Use & Occupancy permits for non-NAC compliant uses will not be granted after April 1, 2032. In September 2024, the NAC zone’s allowable density was increased to 90 units per acre and 60 feet in height. At 0.67 acres, the subject property is sized for up to 60 units. A feasibility study completed in April 2025 shows the subject property's potential for a four-story building with 55 parking spaces at grade and three residential levels above, containing 60 multifamily units ranging from 610 to 1,410 square feet each.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $437,300 | Total Assessment | $437,300 |
PROPERTY TAXES
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4401 Rhode Island Ave
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