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4300 Peru Rd College Park, MD 20740

For Sale
$6,000,000

4.8 acres zoned for high-density multifamily development in College Park.

Source: Scott Douglas Agent Scott Douglas

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


Overview

College Park Multifamily Development Opportunity

This 4.8-acre property, located west of Baltimore Ave (US Rte 1) in College Park and south of Cherry Hill Road, presents a multifamily development opportunity. Zoned R-10, the site allows for high-density residential construction, with a minimum lot size of 20,000 square feet. The zoning potentially allows up to 48 dwelling units per net acre, translating to a maximum of 230 units across the 4.8 acres. However, environmental constraints reduce the developable area to approximately 2.5 acres. Achieving high density may necessitate a high-rise building design with structured parking. The D-D-O (Development District Overlay) broadens development possibilities, allowing for various uses subject to development approval. The property is mostly wooded, except for a 1.5-acre non-forested area around the old homestead's foundation. Remnants of the original driveway are accessible from the MNCPPC stream valley trail. The site is bordered by Little Paint Branch Creek to the west, MNCPPC Paint Branch Stream Valley Park to the south and west, and a forest conservation easement to the east. The property's total area is 209,688 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
College Park
County
Prince George's
State
Maryland
Longitude
-76.933475
Latitude
39.0111307

FAQs

What type of property is this?
Land - 4.8 acres zoned for high-density multifamily development in College Park.
Where is this land located?
The property is located at 4300 Peru Rd College Park, MD.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: - High-Density Multifamily Zoning (R-10): Allows for up to 230 dwelling units on 4.8 acres.; - Development District Overlay (D-D-O): Provides flexibility in development possibilities.; - Large Acreage: 4.8 acres provides ample space for development.
More about this property
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