Land For Sale • 6.21 AC
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.
| 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 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| New Carrollton (Penn Line - Maryland Area Regional Commuter Trains (The MARC)) | 4 min | - | 1.3 mi |
| 8 min | - | 3.2 mi | |
| Airport | Drive | Walk | Distance |
| 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 |