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    Riverdale Rd At 64 Ave East Riverdale, MD 20737

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    For Sale
    Contact for pricing

    Prime 1.1-acre commercial lot, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.1-acre commercial land parcel presents a remarkable development opportunity in the desirable Riverdale Hills subdivision of Prince George's County, Maryland. Located at the intersection of Riverdale Road and 64th Avenue, this property (parcels 1 & 2, Plat Number A19-1428) boasts a strategic location proximate to the new Purple Line station and a planned mixed-use development, promising significant future growth and increased property value. The site is zoned RSF-A (PG County), allowing for residential development. Preliminary assessments suggest a development potential of approximately 15 units, though further due diligence is recommended to confirm this estimate. This listing encompasses 1.1 acres, but an option exists to acquire additional adjacent parcels (parcels 3-6) for a total of over 4.52 acres, significantly expanding development possibilities. The property's address is Riverdale Road at 64th Avenue, East Riverdale, MD 20737. This is an exceptional opportunity for investors and developers seeking a prime location with significant upside potential in a rapidly developing area. Detailed zoning information and development plans are available upon request.

    Property Features for 0 Riverdale Rd At 64 Ave

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • Riverdale Road & 64th Avenue location.
    • Sixteen (16) parcels included.
    • 1.10‑acre site.
    • Potential for 15 residential units.
    • Plat A19‑1428.
    • RSF‑A zoning (Prince George's County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    East Riverdale
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9076718
    Latitude
    38.9611018

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    FAQs

    What type of property is this?
    Land - Prime 1.1-acre commercial lot, development potential.
    Where is this land located?
    The property is located at Riverdale Rd At 64 Ave East Riverdale, MD.
    What are key features of this property?
    This property features: Riverdale Road & 64th Avenue location.; Sixteen (16) parcels included.; 1.10-acre site.
    Request Owner's contact information
    Riverdale Rd At 64 Ave East Riverdale, MD 20737
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    East Riverdale, MD 20737
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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
    Riverdale Rd At 64 Ave East Riverdale, MD 20737
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