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.