Fatima Place Land Portfolio Land FOR SALE


Hyattsville, MD 51,806 SF
$799,000 USD
202-932-5082
, Hyattsville, MD for Sale
$799,000 USD
Land - FOR SALE
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Fatima Place Land Portfolio
Hyattsville, MD


HIGHLIGHTS

  • 51,744 SF of Residential Land Located on a Private Cul-De-Sac | 18 Total Lots
  • Approximately 24 Townhomes can be Constructed, as well as Religious Use
  • Competitively Priced at $15.44 per SF of Lot | Submarket Average Price per SF of Lot is $52.48
  • A Developer could Achieve a 27.44% Return on Cost and a 2.00x Equity Multiple
  • Within a 5-Minute Drive of Washington, D.C | Proximate to Addison Road-Seat Pleasant, Capital Heights, & Cheverly Metro Stations

OVERVIEW

Feldman Ruel is pleased to offer for sale the Fatima Place Land Portfolio, 18 lots totaling 51,744 square feet of developable residential land in Hyattsville, Maryland. This is a unique opportunity to construct a townhome project in close proximity to major arteries and parkland, and within a five-minute drive from the border of Washington, D.C. Subject to final permit approvals and developer preferences, approximately 24 townhomes could be constructed on a private cul-de-sac. The Fatima Place Land Portfolio is comprised of 18 mostly-rectangular lots, 6 of which are ready for development and 12 of which are located in a wooded area. These lots, all of similar sizes, are located on a private, closed-end residential street, facilitating efficient design planning and a smoother construction process for the developer. Depending on preferences and final permit approvals, a developer could potentially build approximately 24 townhomes (20 horizontally attached and 4 vertically stacked). In addition, the deal presents a great development opportunity for a religious congregation looking to build a place of worship or residential housing.

ASK ABOUT THIS PROPERTY

Alex PetrovFeldman RuelMore Info
202-932-5082

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Alex PetrovFeldman RuelMore Info
202-932-5082

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.