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Asset Snapshot
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Offering Summary
Brokered by The Mazzotta Group and powered by RealINSIGHT Marketplace, 7400 & 7402 Central Ave is a 1.2-acre residential redevelopment site in Capitol Heights, Maryland, zoned RMF-20 for high-density residential and multifamily development. The property is offered vacant and as-is, improved with approximately 1,519 SF of existing vacant residential space, and is served by public water and sewer. The site fronts Central Avenue (Route 214), which carries approximately 53,865 vehicles per day, and offers dual access from both Central Avenue and Hill Road. Its location 2.1 miles from the Washington, DC line and 1.7 miles from the Capital Beltway (I-495) places it within reach of the region's employment base, with the Morgan Boulevard Metro Station on the Blue Line nearby. More than 330,000 residents live within five miles, where average household income is $105,202 and households are projected to grow from 133,221 to 136,034 by 2030. With zoning already in place for multifamily use, the offering gives developers and investors a path to pursue residential redevelopment in a well-connected Prince George's County submarket.
Due Diligence
Location
The site is located in Capitol Heights, Prince George's County, with access from Central Avenue (Route 214) and Hill Road, 2.1 miles from the Washington, DC line and 1.7 miles from I-495. Morgan Boulevard Metro on the Blue Line is nearby, as are Coral Hills Shopping Center and Addison Plaza, giving future residents transit, highway, and daily retail access.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
