Redevelopment Site – University of Maryland, College Park – Opportunity Zone

9031 Baltimore Ave, College Park, MD 20740, USA

Sands Investment Group is pleased to exclusively offer for sale the 18,000 SF Redevelopment Site – University of Maryland, College Park – Opportunity Zone, located at 9031 Baltimore Avenue in College Park, MD. This offering features a premier commercial redevelopment opportunity situated within a federal Opportunity Zone with ~4 total acres (3.99 AC) available for future development, providing substantial potential for a high-density mixed-use, student housing, or multifamily project.

The asset delivers immediate in-place cash flow ($515,310 gross annual income / $436k+ T-12 NOI) while entitling the site. Both primary retail tenants recently signed new 5-year leases with landlord termination rights for any reason, giving an incoming developer complete timing flexibility to break ground on new construction. Located adjacent to new student housing developments and just ~1 mile from the University of Maryland (40,000+ students) and 5 miles from Washington, DC.

 

  • Redevelopment Site in Economic Opportunity Zone with ~4 Total Acres: The building is well positioned for redevelopment into a mixed-use or multi-family property, with a total of ~4 acres available to be built on. The opportunity centers on the real estate itself, with stable tenancy, strong local demographics with the nearby university, and strong surrounding co-tenancy along a high-traffic corridor.
  • University and Student Housing Adjacent: The property is located adjacent to student housing, a brand-new dorm development, and ~1 mile from the main entrance to the University of Maryland, College Park campus. The Maryland Terrapins represent the largest college student population in the state of Maryland, with over 40,000 students.
  • Landlord Termination Rights Allow Flexible Timing on New Construction: The two tenants on the 18,000 sq ft property signed new 5 year leases, with the landlord retaining termination rights for any reason, allowing for a flexible timeline for any new construction.
  • Strong Market Fundamentals: Located just 5 miles from Washington, DC, College Park offers a stable and growing economy with high median incomes and direct, adjacent access to Washington, DC.
  • Strong Retail Area: Nearby major national retailers, including Trader Joe’s, CVS, Chipotle, CAVA, Taco Bell, Pizza Hut, Lidl, and numerous local tenants serving the nearby student population.
  • Stable Anchor Tenant: Sakura Seafood Buffet has been a tenant for 12+ years and recently signed a 5-year extension with rent increases, occupying the majority of the property at 12,000 SF.
  • High Traffic Corridor: Located in a busy corridor with strong daytime activity and over 48,000 VPD.
  • Excellent Visibility & Access: Signalized intersection, dedicated turn lane, and prominent pylon signage.

In Cooperation With Sands Investment Group Maryland, LLC – Lic. #5002337 BoR: Tom Gorman – Lic. MD #5002337

Price

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PREMISES

18,000 SF

YEAR BUILT

1955

Lease Expiration

Varies

RENTAL INCREASES

Varies

BROKERS

Brent Collier
District of Columbia
Cliff Roberts
District of Columbia

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