Colliers, as the exclusive advisor to the United States General Services Administration (GSA) in this transaction, is pleased to present the opportunity to purchase 4700 River Road, a vacant six-story, 337,500-square-foot office building situated on 12.48 acres in Riverdale (College Park), Maryland. This unique offering represents a rare opportunity to acquire significant scale in a premier, transit-oriented location steps from the University of Maryland.
The Center at Riverside, located at 4700 River Road, is the premier offering to make a significant impact in this multifaceted submarket, boasting innate and locational attributes that are just as dynamic. It is equipped with compelling existing features, including large, efficient floor plates, a full-service cafeteria, and an on-site childcare center. There is also ample parking across the vast parcel, and its walkability to public transit makes it accessible for all users. 4700 River Road is situated across from an incoming Purple Line station, and the College Park Metro station has the Green Line and MARC Rail, providing connectivity to Washington, DC, and Baltimore.
4700 River Road is adjacent to the University of Maryland’s flagship campus, within the institution’s Discovery District, a community of university stakeholders, corporate partners, government researchers, entrepreneurs, and local residents. The Discovery District is a 150-acre park driven by the 40,000+ student university system that was established to foster research and industry partnerships between academic, public, and private institutions. Over 6,500 people are employed here by more than 60 companies and organizations, including Capital One, Adobe, Raytheon, the FDA, USDA, NOAA, Apex Accelerator, and university-affiliated startups. This mixed-use environment, paired with ideal zoning, also makes 4700 River Road an excellent choice for visionary developers. It is zoned RTO-L(e), allowing for up to 750 residential units, which is perfect for targeting the strong demand for housing near UMD.