4711 Rhode Island Ave 61 978 pi² Industriel Immeuble Hyattsville, MD 20781 À vendre

4711 Rhode Island Avenue presents a rare and highly flexible residential redevelopment opportunity in the desirable Hyattsville, Maryland market. The Property consists of approximately 3.319 acres improved with roughly 61,978 square feet of existing industrial buildings, which are considered functionally obsolete and provide redevelopment optionality.
As a result of Prince George’s County’s comprehensive rezoning adopted in April 2022, the Property is now classified within the Neighborhood Activity Center (NAC) zoning designation. This zoning supports low- to moderate-density mixed-use development and permits a broad range of uses, including educational institutions, museums, medical/lab, multifamily residential, townhomes, assisted living facilities, private dormitories, broadcasting/communications and more.
The intent of the NAC zoning framework is to encourage the creation of walkable, mixed-use environments that attract residents, employers, and institutions, while promoting long-term community vitality. Development standards are further governed by the Intense Development Overlay (IDO), which establishes design and environmental controls, including protections associated with the Chesapeake Bay Critical Area (CBCA) and its tributary waterways.
The Property features minimally sloping, generally level topography, providing a build-ready foundation that can help streamline site planning and construction. The combination of a strategic location, flexible zoning, and favorable site characteristics positions the Property as an attractive opportunity for developers and investors seeking well-located redevelopment sites within a growing submarket.
The site is currently improved with five industrial structures totaling approximately 61,978 square feet, including one small administrative office component. The existing improvements are considered functionally obsolete, offering buyers the option to demolish and redevelop or renovate and repurpose the structures to extend their remaining useful life, subject to applicable approvals.