Property profile

23595 Pike Ln Hollywood, MD 20636

OFF-MARKET
Commercial real estate
Property ID
US40-1285864
4.06 ac lot Built 1969
Individually Owned 3-yr Hold
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Property summary

AI-generated overview

This exceptional 4.06-acre property at 23595 Pike Lane in Hollywood, Maryland, presents a remarkable commercial development opportunity. Boasting approximately 580 feet of road frontage, this highly visible site is ideally positioned within a rapidly growing area, ensuring significant exposure for any commercial venture. The property's current zoning has been changed to RMX, unlocking a wide array of potential uses. Under the RMX zoning designation, developers can pursue a diverse range of projects, including apartments, office spaces, medical facilities, banking institutions, hotels, and numerous other commercial applications. The expansive acreage and prime location combine to create an unparalleled opportunity for investors and developers seeking to capitalize on the area's burgeoning growth. The existing residential structure on the property offers potential for adaptive reuse or demolition to make way for a new construction project. This versatile site is poised to become a landmark commercial development, offering significant returns for the discerning investor. The substantial road frontage ensures excellent accessibility and visibility, making it an attractive location for a variety of businesses. This is a rare chance to acquire a large parcel of land in a desirable location with flexible zoning, allowing for a wide range of development possibilities. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Year built 1969
Lot 4.06 ac (176,854 SF)
UPID US40-1285864

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23595 Pike Ln Hollywood, MD 20636
Hollywood metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
1 recorded transaction
2023
$36,600

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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