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    7200-7220 Livingston Rd Fort Washington, MD 20744

    Sponsored
    For Sale
    $2,500,000

    Large multifamily development opportunity.

    Property size:
    319,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 28.9-acre property, located at 7200-7220 Livingston Road in Fort Washington, Maryland, presents a significant investment opportunity. The site encompasses a substantial 319,200 square feet and is zoned R-R and R-18C, allowing for the development of a substantial multifamily project. Currently listed at $2,500,000, this fee-simple ownership offers a price per square foot of $3.41 and a price per acre of $143,620. The property's strategic location, approximately two miles from Tanger Outlets, MGM Casino, and National Harbor, and four miles from Washington, D.C., and Northern Virginia, positions it to capitalize on the region's robust growth. The site's proximity to the new Amazon headquarters and the planned National View mixed-use community further enhances its potential. Detailed zoning feasibility analysis, engineering concept plans, and boring reports are available. This development could potentially comprise over 170 multifamily apartment units and nine residential single-family homes. The property's current zoning allows for a high-density development, making it an attractive proposition for investors seeking significant returns in a rapidly developing area. The existing infrastructure and the potential for substantial residential growth in the area make this a compelling investment opportunity.

    Property Features for 7200-7220 Livingston Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    319,200 SF
    Lot Size
    1,258,884 SF

    Building Details

    Units
    16165

    HighLights

    • 28.9‑acre development site in Fort Washington, MD.
    • Zoned R‑R and R‑18C, allowing for multifamily and single‑family development.
    • Potential to build 170+ multifamily units and 9 single‑family homes.
    • Prime location, two miles from National Harbor, MGM Casino, and Tanger Outlets.
    • Four miles from Washington, D.C. and Northern Virginia.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9988669
    Latitude
    38.7478222

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    FAQs

    What type of property is this?
    Multifamily property - Large multifamily development opportunity.
    Where is this multifamily property located?
    The property is located at 7200-7220 Livingston Rd Fort Washington, MD.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 28.9-acre development site in Fort Washington, MD.; Zoned R-R and R-18C, allowing for multifamily and single-family development.; Potential to build 170+ multifamily units and 9 single-family homes.
    Request Owner's contact information
    7200-7220 Livingston Rd Fort Washington, MD 20744
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    Fort Washington, MD 20744
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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
    7200-7220 Livingston Rd Fort Washington, MD 20744
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