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Fatima Place Land Portfolio 4 Land Properties Offered at $599,000 in Hyattsville, MD
INVESTMENT HIGHLIGHTS
- 45.55% Price Reduction from the Initial Asking Price of $1,100,000
- Seller Open to Creative Options in Addition to a Traditional Sale Structure
- Joint Venture Structures Also Considered
- 18 Lots of Land | Between 18 & 24 Townhomes Could be Developed
- Seller Financing Available to Qualified Purchasers | 85% LTV, 4.25% I/O, & 3-Year Term
- Within a 5-Minute Drive of Washington, D.C | Proximate to Addison Road-Seat Pleasant, Capital Heights, & Cheverly Metro Stations
EXECUTIVE 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.
The Fatima Place Land Portfolio is comprised of 18 mostly-rectangular lots, 6 of which are ready for development and 12 of which are located in a wooded area. These lots, all of similar sizes, are located on a private, closed-end residential street, facilitating efficient design planning and a smoother construction process for the developer. Depending on preferences and final permit approvals, a developer could potentially build approximately 24 townhomes (20 horizontally attached and 4 vertically stacked). In addition, the deal presents a great development opportunity for a religious congregation looking to build a place of worship or residential housing.
The Fatima Place Land Portfolio is comprised of 18 mostly-rectangular lots, 6 of which are ready for development and 12 of which are located in a wooded area. These lots, all of similar sizes, are located on a private, closed-end residential street, facilitating efficient design planning and a smoother construction process for the developer. Depending on preferences and final permit approvals, a developer could potentially build approximately 24 townhomes (20 horizontally attached and 4 vertically stacked). In addition, the deal presents a great development opportunity for a religious congregation looking to build a place of worship or residential housing.
PROPERTY FACTS
| Price | $599,000 | Number of Properties | 4 |
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 1.19 AC |
| Price | $599,000 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Land Area | 1.19 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
|
1314-1320 Fatima Pl
1314-1320 Fatima Pl, Hyattsville, MD 20785 |
Land | 0.51 AC | - |
|
1325-1327 Fatima Pl
1325-1327 Fatima Pl, Hyattsville, MD 20785 |
Land | 0.30 AC | - |
|
1306-1308 Fatima
1306-1308 Fatima Pl, Hyattsville, MD 20785 |
Land | 0.25 AC | - |
|
1319-1321 Fatima Pl
1319-1321 Fatima Pl, Hyattsville, MD 20785 |
Land | 0.13 AC | - |
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Fatima Place Land Portfolio
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