• Broker Helen Dellheim 4102584136

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

ATTACHMENTS

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

LINKS

Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (79)

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.)

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