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Center at Riverside 4700 River Rd 337,500 SF Vacant Office Building Riverdale, MD 20737 For Sale
INVESTMENT HIGHLIGHTS
- 4700 River Road: 337,500-square-foot vacant office owned by the GSA with efficient floor plates, childcare facilities, a cafeteria, and ample parking.
- Exceptional Transit Access: Across from a future Purple Line station and a short walk to the College Park Metro, offering links to DC and Baltimore.
- Thriving Submarket: Situated within the 150-acre Discovery District, a research-driven park with 60+ companies and organizations.
- Strategic Location: Adjacent to the University of Maryland’s main campus and near federal agencies, Fortune 500 companies, and research institutions.
- Significant Redevelopment Potential: Zoned RTO-L(e), the 12.48-acre site supports development of up to 750 residential units.
- Please reach out to Dan.Gaffey@colliers.com for more information and to receive a link to the offering memorandum and deal room.
EXECUTIVE SUMMARY
Colliers, as the exclusive advisor to the United States General Services Administration (GSA) in this transaction, is pleased to present the opportunity to purchase 4700 River Road, a vacant six-story, 337,500-square-foot office building situated on 12.48 acres in Riverdale (College Park), Maryland. This unique offering represents a rare opportunity to acquire significant scale in a premier, transit-oriented location steps from the University of Maryland.
The Center at Riverside, located at 4700 River Road, is the premier offering to make a significant impact in this multifaceted submarket, boasting innate and locational attributes that are just as dynamic. It is equipped with compelling existing features, including large, efficient floor plates, a full-service cafeteria, and an on-site childcare center. There is also ample parking across the vast parcel, and its walkability to public transit makes it accessible for all users. 4700 River Road is situated across from an incoming Purple Line station, and the College Park Metro station has the Green Line and MARC Rail, providing connectivity to Washington, DC, and Baltimore.
4700 River Road is adjacent to the University of Maryland’s flagship campus, within the institution’s Discovery District, a community of university stakeholders, corporate partners, government researchers, entrepreneurs, and local residents. The Discovery District is a 150-acre park driven by the 40,000+ student university system that was established to foster research and industry partnerships between academic, public, and private institutions. Over 6,500 people are employed here by more than 60 companies and organizations, including Capital One, Adobe, Raytheon, the FDA, USDA, NOAA, Apex Accelerator, and university-affiliated startups. This mixed-use environment, paired with ideal zoning, also makes 4700 River Road an excellent choice for visionary developers. It is zoned RTO-L(e), allowing for up to 750 residential units, which is perfect for targeting the strong demand for housing near UMD.
The Center at Riverside, located at 4700 River Road, is the premier offering to make a significant impact in this multifaceted submarket, boasting innate and locational attributes that are just as dynamic. It is equipped with compelling existing features, including large, efficient floor plates, a full-service cafeteria, and an on-site childcare center. There is also ample parking across the vast parcel, and its walkability to public transit makes it accessible for all users. 4700 River Road is situated across from an incoming Purple Line station, and the College Park Metro station has the Green Line and MARC Rail, providing connectivity to Washington, DC, and Baltimore.
4700 River Road is adjacent to the University of Maryland’s flagship campus, within the institution’s Discovery District, a community of university stakeholders, corporate partners, government researchers, entrepreneurs, and local residents. The Discovery District is a 150-acre park driven by the 40,000+ student university system that was established to foster research and industry partnerships between academic, public, and private institutions. Over 6,500 people are employed here by more than 60 companies and organizations, including Capital One, Adobe, Raytheon, the FDA, USDA, NOAA, Apex Accelerator, and university-affiliated startups. This mixed-use environment, paired with ideal zoning, also makes 4700 River Road an excellent choice for visionary developers. It is zoned RTO-L(e), allowing for up to 750 residential units, which is perfect for targeting the strong demand for housing near UMD.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
337,500 SF
Building Class
B
Year Built
1994
Percent Leased
Vacant
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
56,250 SF
Slab To Slab
9’
Building FAR
0.62
Lot Size
12.48 AC
Zoning
RTO-L(e) - Zoned RTO-L(e), the 12.48-acre site supports development of up to 750 residential units, addressing strong demand
Parking
777 Spaces (2.3 Spaces per 1,000 SF Leased)
AMENITIES
- Metro/Subway
1 1
Bike Score®
Very Bikeable (76)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
16,851
191,440
465,817
2024 Population
17,280
185,751
449,672
Population Growth '20-'24
2.6%
-3.0%
-3.5%
2020 Households
4,233
59,947
157,051
2024 Households
4,408
58,024
150,907
Household Growth '20-'24
4.1%
-3.2%
-3.9%
Average Age
33
35
37
Median Household Income
$85,113
$73,698
$73,702
Daytime Employees
6,311
73,252
175,471
Total Businesses
887
7,059
18,583
College Degree + Higher
37%
30%
32%
$ values in USD
NEARBY AMENITIES
HOTELS |
|
|---|---|
| Best Western Plus |
50 rooms
6 min drive
|
| Cambria Hotels |
150 rooms
6 min drive
|
| Holiday Inn Express |
128 rooms
7 min drive
|
| Hilton Garden Inn |
155 rooms
9 min drive
|
| Marriott Conference Center |
237 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Number | 19-2822633 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $115,902,315 CAD |
PROPERTY TAXES
Parcel Number
19-2822633
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$115,902,315 CAD
ABOUT THE ARCHITECT
Read More
OTHER PROPERTIES IN THE WDG PORTFOLIO
SALE ADVISORS
SALE ADVISORS
Dan Gaffey, Vice President
I specialize in the sale of office & industrial properties in Washington DC's urban-infill submarkets with a focus in Prince George's County (Maryland). I advise clients on the value of their commercial properties and represent owners in the marketplace when they decide to sell or buy. I have sold over a million square-feet of industrial and medical/office space, and I pride myself on maximizing value for my clients.
Licensed in Maryland, Virginia and the District of Columbia, I have sold urban-industrial warehouses, medical office buildings, single-tenant net leased assets, and land for self-storage and multifamily development.
I have successfully navigated numerous clients through rigorous 1031-Exchange guidelines, and have helped growing businesses acquire expansion space by leading their site selection processes in supply constrained submarkets.
Licensed in Maryland, Virginia and the District of Columbia, I have sold urban-industrial warehouses, medical office buildings, single-tenant net leased assets, and land for self-storage and multifamily development.
I have successfully navigated numerous clients through rigorous 1031-Exchange guidelines, and have helped growing businesses acquire expansion space by leading their site selection processes in supply constrained submarkets.
Chandler Pace, Vice President
Mr. Chandler Pace, Vice President with Colliers, specializes in representing buyers and sellers of office, industrial, healthcare and government properties throughout the Mid-Atlantic region, with a primary focus on the Washington D.C. metropolitan area.
With over a decade of experience in the industry, Chandler's expertise lies in advising both private and institutional investors on achieving their desired portfolio formation through strategic acquisitions and dispositions. His deep understanding of the Washington D.C. market, coupled with his strong negotiation skills, financial acumen, and marketing capabilities, make him a valuable asset to clients seeking to invest in or sell commercial properties.
With over a decade of experience in the industry, Chandler's expertise lies in advising both private and institutional investors on achieving their desired portfolio formation through strategic acquisitions and dispositions. His deep understanding of the Washington D.C. market, coupled with his strong negotiation skills, financial acumen, and marketing capabilities, make him a valuable asset to clients seeking to invest in or sell commercial properties.
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Center at Riverside | 4700 River Rd
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