Fatima Place Land Portfolio
Hyattsville, MD 20875
The Offering
Summary
- List Price $799,000
- Total Lot Size 51,744 SF
- Product Type Development Site
- Potential Uses Residential & Limited Commercial
- Lots 18
- Contiguous Parcles 4
- Maximum FAR SF 42,960 SF
- Total Projected Townhome Dwellings 24
Investment Summary
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.
Investment Highlights
• 51,744 SF of Residential Land Located on a Private Cul-De-Sac | 18 Total Lots
• Competitively Priced at $15.44 per SF of Lot | 63% Below the Market Average
• Allowable Uses Include Residential & Limited Commercial | Approximately 24 Townhomes
• Townhomes could Achieve a 27.44% Return on Cost & a 2.18x Equity Multiple
• Seller Financing Available for Qualified Purchasers
• Within a 5-minute Drive of Washington, D.C
• Proximate to Addison Road-Seat Pleasant, Capital Heights, & Cheverly Metro Stations
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