5326 Sheriff Rd
Capitol Heights, MD 20743
Sheriff Rd assemblage · Land For Sale
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1.81 AC
Investment Highlights
- Sited in a Qualified census tract
- surface parked execution with a stick built garden building
- Underwritten for a 4% LIHTC execution
- incrediblyy flexible CGO zoning
Property Facts
Description
HUGE 200K price correction. See doc section for OM which includes underwriting for a 4% LIHTC execution as well as concept plan, aerial & more. Sellers have flexibility regarding timing for a purchasers desired execution. Sited in a qualified census tract these 1.81 acres of CGO zoned land, can be developed as up to 86 market rate residential units as well as up to 110 affordable residential units, are steps from the D.C./MD line in Prince Georges County. Sellers have a clean Phase 1, an ALTA survey & concept plans from one of the top architectural firms in the county, for an affordable (LIHTC) execution, that can all be provided to assist with due diligence. Aside from the residential execution, numerous retail, office & mixed use executions are allowable by right within the CGO zone. Land of this size/density & location does not come to market often so call your agent & capitalize on the booming growth of Prince Georges County. 5302 & 5326 Sheriff rd are part of this offering - 3 parcels together totaling the 1.81 acres. Offers due Friday, 11/15/24
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $37,600 | Total Assessment | $361,700 |
Property Taxes
