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6172 Old Central Ave - Central Avenue Development Lot 0.8 Acres of Commercial Land Offered at $525,000 in Capitol Heights, MD 20743

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EXECUTIVE SUMMARY

This property is a prime 0.80-acre (approximately 35,000 SF) commercial development lot. Positioned as a versatile investment, it is ideal for high-impact projects such as residential-retail mixed-use, a retail strip center, or a standalone pad site.
Key Investment Highlights
Strategic Location: Situated less than one mile from the Washington, D.C. border, the site is within five minutes of two Metro Stations on the Blue and Silver lines.
High Visibility & Traffic: The lot is located on the high-traffic thoroughfare of Central Avenue, specifically on the "PM side," providing excellent visibility for commuters heading toward Prince George's County from Downtown D.C., which is only a 15-minute drive away.
Zoning & Versatility: Currently zoned LTO-e (Local Transit-Oriented) or CM (Commercial), the property supports a variety of uses, including retail, equipment storage, vehicle parking, or new commercial construction.
Development Potential: The site can be combined with adjacent parcels to create a larger, major development opportunity. It is also designated within an Opportunity Zone, potentially offering significant tax benefits for qualified investments.
Offsite Improvements: The property is serviced with available water, electricity, gas, and existing street infrastructure, including curbs, gutters, and sidewalks.
Financial Snapshot

PROPERTY FACTS

Price $525,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.80 AC
Opportunity Zone Yes
Zoning LTO-e

1 LOT AVAILABLE

Lot

Price $525,000
Price Per AC $653,391.41
Lot Size 0.80 AC
  • Listing ID: 29060086

  • Date on Market: 8/1/2011

  • Last Updated:

  • Address: 6172 Old Central Ave, Capitol Heights, MD 20743

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