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Multi-Family

Multifamily Development - 7000 Livingston Road

7000 Livingston Rd, Fort Washington, MD 20745

Listing Price: $1,276,977

Lot Size
10.38 acres
Price/Acre
$123,023
Land Type
Redevelopment
Buildable Square Feet
104,500

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 7000 Livingston Road, Fort Washington, MD in the sale of a 10.38-acre parcel located in Prince George's County, zoned RR. An application is pending approval for the site to change back to R-18C. This site provides an opportunity for a Developer to build 110 multifamily units in a thriving area of Fort Washington MD. This parcel is also 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 parcel's 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

  • RR site being changed back to R-18C
  • New Zoning allows for multifamily development of 110 units
  • Close proximity to the 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 - 7000 Livingston Road

Listing Price: $1,276,977

Lot Size
10.38 acres
Price/Acre
$123,023
Land Type
Redevelopment
Buildable Square Feet
104,500

Investment Highlights

  • RR site being changed back to R-18C
  • New Zoning allows for multifamily development of 110 units
  • Close proximity to the National Harbor

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 7000 Livingston Road, Fort Washington, MD in the sale of a 10.38-acre parcel located in Prince George's County, zoned RR. An application is pending approval for the site to change back to R-18C. This site provides an opportunity for a Developer to build 110 multifamily units in a thriving area of Fort Washington MD. This parcel is also 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 parcel's 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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