The Offering

Summary

  • List Price $875,000
  • Zoning NAC
  • Number of Lots 8
  • Combined Lot Size 29,727 SF
  • Street Frontage - Rhode Island Avenue/Route 1 ~ 300'
  • Maximum Allowable Dwelling Units 60

Investment Summary

Feldman Ruel is pleased to offer for sale 4401 Rhode Island Avenue, a 29,272-square-foot development site comprised of eight contiguous parcels prominently located along Rhode Island Avenue/Route 1 in Brentwood, Maryland. Located in the Gateway Arts District, this area of Route 1 was rezoned Neighborhood Activity Center (NAC) in 2022. NAC zoning allows a broad range of commercial uses and encourages mixed-use development. Prince George’s County recently increased the number of allowable dwelling units in the NAC zone up to 90 dwelling units per acre, which equates to 60 potential units for the subject property. Conceptual renderings show the development potential of the site. Located at the gateway between Brentwood and North Brentwood, 4401 Rhode Island Avenue is less than one mile from Washington, D.C. at a nexus of planned, proposed and on-market developments and redevelopment projects.

Investment Highlights

• Prominent Development Site Along Route 1 within 1 Mile of Washington, D.C.

• Gateway Arts District | 2022 Zoning Change Allows Commercial & Mixed-Use
• Feasibility Study Shows New Development Potential | 60 Units & 55 Parking Spaces

• Below Market Pricing | $29.89/SF of Lot or $14,583/Raw Unit

Listing Agents

Hannah McCann

Hannah McCann

LaMarr Datcher

LaMarr Datcher

Associate Director
Feldman Ruel
Brandon Cardwell

Brandon Cardwell

Investment Associate
Feldman Ruel