23595 Pike Ln, Hollywood, MD 20636
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.