BridgeWater Real Estate Brokerage is pleased to exclusively present this unique development site located less than half a mile from the future Purple Line’s Glenridge Station.
This 6.21-acre property is located in a Qualified Census Tract (QCT) and Revitalization Tax Credits Area for residential real estate.
The property zoning is RSF-95. Prince George’s County recently adopted a new zoning bill in 2024, allowing developers to take advantage of a Special Exception clause to build elderly housing multifamily assets in residential zones such as this upon the County Planning Staff and Council approval. Please see SECTION 27-5400 SPECIAL EXCEPTION STANDARDS of the zoning bill CB-068-2022.
Due to its location inside the beltway and near a Metro station, the property qualifies for a reduced impact fee (school + public safety) requirement of $12,929 per permit. In addition, Prince George’s County exempts the school fee of $10,180 per unit for elderly housing developments, which reduces impact fees to only $2,749 per unit for public safety.
Maryland’s Environmental Resource & Land Information Network shows a stream passes by the west and south edge of the site, making a small portion of the site challenging to develop.
Contact: Adam Stein | (202) 603-5587 | astein@bwreb.com
