4711 Rhode Island Avenue

4711 Rhode Island Avenue presents a rare and highly flexible residential redevelopment opportunity in the desirable Hyattsville, Maryland market. The Property consists of 3.319± acres improved with roughly 61,978 SF of existing industrial buildings, which are considered functionally obsolete and provide redevelopment optionality.

As a result of Prince George’s County’s comprehensive rezoning in April 2022, the Property is now classified within the Neighborhood Activity Center (NAC) zoning designation. This zoning supports low- to moderate-density mixed-use development and permits a broad range of uses, including educational institutions, museums, medical/lab, multifamily residential, townhomes, assisted living facilities, private dormitories, broadcasting/communications and more. The Property is uniquely positioned to allow a developer to support and help advance the City of Hyattsville’s 10-Year Housing Action Agenda, which emphasizes the creation of diverse housing options to meet the needs of the community. The site encompasses 144,575± SF of land and allows for a maximum floor area ratio (FAR) of 2.0 and a maximum building height of 50 feet, enabling the development of up to 289,151± SF of multifamily improvements, subject to final design, approvals, and applicable regulations. The intent of the NAC zoning framework is to encourage the creation of walkable, mixed-use environments that attract residents, employers, and institutions, while promoting long-term community vitality. Development standards are further governed by the Intense Development Overlay (IDO), which establishes design and environmental controls, including protections associated with the Chesapeake Bay Critical Area (CBCA) and its tributary waterways. 4711 Rhode Island Avenue features minimally sloping, generally level topography, providing a build-ready foundation that can help streamline site planning and construction. The combination of a strategic location, flexible zoning, and favorable site characteristics positions the Property as an attractive opportunity for developers and investors seeking well-located redevelopment sites within a growing submarket. The site is currently improved with five industrial structures totaling 61,978± SF, including one small administrative office component. The existing improvements are considered functionally obsolete, offering buyers the option to demolish and redevelop or renovate and repurpose the structures to extend their remaining useful life, subject to applicable approvals.

Location Overview

The Property benefits from exceptional regional connectivity, offering direct access to major arterial roadways including U.S. Route 1 (Rhode Island Avenue) to the east, Charles Armentrout Drive to the south, and Old Baltimore Road to the west. This strategic positioning places the site within a primary commuter corridor linking Washington, DC and College Park, Maryland, home to the University of Maryland.

Rhode Island Avenue carries an estimated 15,971 vehicles per day, providing strong site visibility and frontage exposure—an attribute that enhances marketability, supports long-term demand, and may help mitigate developer attrition risk. The Property is further supported by robust public transportation access, with the West Hyattsville Metro Station located approximately nine minutes away by car. Additionally, a WMATA bus stop at the intersection of Charles Armentrout Drive and Rhode Island Avenue offers convenient connections to regional Metro stations and major employment centers.

Situated within the dynamic Hyattsville submarket of Prince George’s County, the surrounding area encompasses 3.3 million square feet of commercial inventory and is currently experiencing positive net absorption, reflecting sustained tenant and investor demand