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7230 Sunrise Dr
Lanham, MD 20706 Woodlawn

$2,000,000 USD

Land For Sale  •  6.21 AC

Property Details

  • Property Type Land
  • Lot Size 6.21 AC
  • Zoning RSF-95
40 Transit Score
40 Walk Score

Description

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.

Highlights

QCT: Located in a 2024 Qualified Census Tract & Revitalization Tax Credit Area
Reduced Impact Fees: Due to location inside the Beltway & near Metro
Exemption from impact fee for schools when developing elderly housing
TOD: Location allows for additional financing from the County, State, and Federal Governments including possibly the US DOT’s new “TIFIA 49” program

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
New Carrollton (Penn Line - Maryland Area Regional Commuter Trains (The MARC)) 4 min - 1.3 mi
8 min - 3.2 mi
AirportDriveWalkDistance
Ronald Reagan Washington Ntl 28 min - 15.8 mi
Baltimore/Washington International Thurgood Marshall 37 min - 24.1 mi
Washington Dulles International 61 min - 41.8 mi
Adam Stein 202-603-5587 BridgeWater Real Estate Brokerage
Adam Stein 202-603-5587 BridgeWater Real Estate Brokerage