Multi-Tenant Development Opportunity — Sale in Capitol Heights, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Capitol Heights, MD 20743

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Description

Marcus & Millichap is pleased to present for sale a prime 1.81-acre development opportunity located at 5302 & 5326 Sheriff Rd, Capitol Heights, MD. Benefiting from flexible CGO zoning without a strict FAR cap, this assemblage is uniquely positioned for a bifurcated development program. Under the proposed primary strategy, the westernmost lot (Pad A) offers the ideal footprint and visibility for a dedicated QSR drive-thru pad, while the adjacent, larger lots (1.48 acres, Pad B) provide an expansive canvas for a multi-story medical center. This configuration yields an estimated 75,000 to 85,000 GSF with surface parking, with the potential to substantially exceed 120,000 GSF if structured parking is utilized. Alternatively, the site’s highly adaptable zoning accommodates an interchangeable development strategy. Investors have the option to execute a Low-Income Housing Tax Credit (LIHTC) or traditional multifamily concept on the larger parcel (Pad B), complemented by either a QSR or a dedicated parking concept on the westernmost lot (Pad A). Once developed, the property is positioned to deliver stable, passive income with strong equity upside. Targeting national QSR and medical tenant’s enables investors to secure high-value, recession-resistant triple-net (NNN) leases with minimal landlord responsibilities. The property’s prime, transit-oriented development location adds a significant strategic advantage, positioning the asset within a corridor poised for continued growth, increased foot traffic, and enhanced connectivity. Overall, this site represents a balanced investment combining immediate development flexibility with long-term appreciation potential, making it well-suited for investors looking to secure a durable, strategic asset within the highly desirable Washington D.C. metropolitan area. Investment Highlights: • Flexible CGO Zoning: 1.81-acre transit-oriented assemblage with no strict FAR cap, allowing for maximum density and creative site planning. • "Bifurc

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