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Multi-Family

Multifamily Development Site - 7220 Livingston Road

7220 Livingston Rd, Fort Washington, MD 20744

Listing Price: $2,223,022

Lot Size
18.07 acres
Price/Acre
$123,023
Land Type
Redevelopment
Buildable Square Feet
216,496

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 7220 Livingston Road, Fort Washington, MD in the sale of a 18.03-acre parcel located in Prince George's County, zoned R-18C. This site provides an opportunity for a Developer to build over 200 multifamily units in a thriving area of Fort Washington MD. This parcel is due to be rezoned RMF-20 with the new Prince George's county rewrite for 2021.

Development allowed in the RMF20 Zone includes: multifamily dwellings, townhouse dwellings, as well as two- and three-family dwellings; live/work units; recreation/entertainment, personal services, and retail sales and services uses that support residential living and walkability; mixed-use development; and supporting public facilities.

7220 Livingston Road is less than 10 miles away from the Washington DC city limits with easy access to southern Prince Georges County and Virginia. It is located 5.5 miles away from National Harbor and 2.1 miles away from Tanger Outlets and the MGM Resort. Due to the sites proximity to Virginia, and the new Amazon headquarters, there is an opportunity to meet the housing needs that will arise from the influx of 25,000 Amazon employees to the area. It is anticipated that Maryland will get about a third of the Amazon employees as taxpaying residents with job salaries averaging $150,000.

Investment Highlights

  • R-18C - Residential Multifamily.
  • Build over 200 units
  • Close proximity to National Harbor

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multi-Family

Multifamily Development Site - 7220 Livingston Road

Listing Price: $2,223,022

Lot Size
18.07 acres
Price/Acre
$123,023
Land Type
Redevelopment
Buildable Square Feet
216,496

Investment Highlights

  • R-18C - Residential Multifamily.
  • Build over 200 units
  • Close proximity to National Harbor

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 7220 Livingston Road, Fort Washington, MD in the sale of a 18.03-acre parcel located in Prince George's County, zoned R-18C. This site provides an opportunity for a Developer to build over 200 multifamily units in a thriving area of Fort Washington MD. This parcel is due to be rezoned RMF-20 with the new Prince George's county rewrite for 2021.

Development allowed in the RMF20 Zone includes: multifamily dwellings, townhouse dwellings, as well as two- and three-family dwellings; live/work units; recreation/entertainment, personal services, and retail sales and services uses that support residential living and walkability; mixed-use development; and supporting public facilities.

7220 Livingston Road is less than 10 miles away from the Washington DC city limits with easy access to southern Prince Georges County and Virginia. It is located 5.5 miles away from National Harbor and 2.1 miles away from Tanger Outlets and the MGM Resort. Due to the sites proximity to Virginia, and the new Amazon headquarters, there is an opportunity to meet the housing needs that will arise from the influx of 25,000 Amazon employees to the area. It is anticipated that Maryland will get about a third of the Amazon employees as taxpaying residents with job salaries averaging $150,000.

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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