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    711 Eastern Ave Fairmount Heights, MD 20743

    For Sale
    $430,000

    Two-lot package near Deanwood Metro, ideal for mixed-use development.

    Property Features for 711 Eastern Ave

    General Information

    Standard status
    Active

    Source: ALL SERVICE REAL ESTATE Agent GEORGE A HOCKADAY-BEY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fairmont Heights Development Opportunity

    This offering features a two-lot development package located in Fairmont Heights, including properties at 711 Eastern Avenue and 708 58th Avenue. The combined area of the lots totals 27,723 square feet, or 0.64 acres. Zoned CGO (Commercial General Office), the parcels offer flexibility for various development options, including mixed-use, residential, or affordable housing projects. Buyers are responsible for conducting their own due diligence regarding permitted uses, density, and approvals. The site is located 0.9 miles from the Deanwood Metro Station on the Orange Line and has access to I-295, providing connectivity to Washington, D.C., and surrounding areas. This location is in a high-demand transit corridor. The property was recently appraised in August 2023 for $430,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairmount Heights
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9178048
    Latitude
    38.8997617

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    FAQs

    What type of property is this?
    Commercial land - Two-lot package near Deanwood Metro, ideal for mixed-use development.
    Where is this commercial land located?
    The property is located at 711 Eastern Ave Fairmount Heights, MD.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: - Two-lot package totaling 27,723 SF (0.64 acres) included in the list price.; - Zoned CGO (Commercial General Office) offering flexibility for mixed-use, residential, or affordable housing projects.; - Ideally located 0.9 miles from Deanwood Metro Station (Orange Line) and minutes from I-295, providing excellent connectivity.
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    Fairmount Heights, MD 20743
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    711 Eastern Ave Fairmount Heights, MD 20743
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