6172 Old Central Ave - Commercial LAND FOR SALE


Capitol Heights, MD 20743 35,000 SF
$525,000 USD
240-832-8768
6172 Old Central Ave, Capitol Heights, MD for Sale
$525,000 USD
Commercial LAND - FOR SALE
1/8
35,000 SF

6172 Old Central Ave
Capitol Heights, MD 20743


HIGHLIGHTS

  • Opportunity Zone Designation
  • $450M State Commitment to the Blue Line Corridor
  • Two Metro Stations Within Five Minutes
  • PM-Side Central Avenue Frontage
  • Immediate Adjacency to Institutional Developers
  • All Utilities in Place

OVERVIEW

This is a prime 0.80-acre (±35,000 SF) commercial development lot positioned at the heart of Maryland's most active transit-oriented development corridor. Located on the high-traffic PM side of Central Avenue in Capitol Heights, Maryland, the site offers exceptional visibility and accessibility for commuters traveling between Downtown Washington, D.C. and Prince George's County. The property sits less than one mile from the Washington, D.C. border and within five minutes of two Metro stations on the Blue and Silver lines — Capitol Heights Metro and Addison Road Metro — making it one of the most transit-accessible development parcels currently available in Prince George's County. The lot is zoned LTO-e (Local Transit-Oriented Edge), a designation specifically designed to encourage walkable, mixed-use, moderate-intensity development near transit stations. This zoning classification supports a wide variety of uses including residential-retail mixed-use, retail strip centers, pad sites, affordable and workforce housing, office, community amenity facilities, and transit-support uses. The site can also be combined with adjacent parcels to create a larger, more impactful development footprint — a meaningful advantage in a corridor where land is increasingly scarce and demand from institutional developers is accelerating. OPPORTUNITY ZONE This property is located within a federally designated Opportunity Zone, making it eligible for significant tax advantages under the Tax Cuts and Jobs Act of 2017. Qualified investors who reinvest unrealized capital gains into a Qualified Opportunity Fund (QOF) investing in this property may be eligible for: temporary deferral of capital gains taxes; a step-up in basis of 10–15% after holding the investment for five to seven years; and a permanent exclusion from taxable income of capital gains accrued on the OZ investment if held for ten or more years. The Opportunity Zone designation makes this parcel highly compatible with LIHTC financing structures, tax equity partnerships, and Opportunity Fund capital — the precise capital stack utilized by the major institutional developers currently active in this corridor. BLUE LINE CORRIDOR INVESTMENT CONTEXT The Capitol Heights submarket is undergoing a generational transformation driven by coordinated public and private investment at a scale rarely seen in Prince George's County. The State of Maryland has committed $450 million to the Blue Line Corridor initiative — a comprehensive plan to catalyze growth and attract private investment at four Metro stations between Capitol Heights and Downtown Largo. This investment will deliver a range of signature facilities along the corridor including an amphitheater, market hall, central library, cultural center, civic plaza, youth sports fieldhouse, complete streets infrastructure, and the Central Avenue Connector Trail. In January 2026, Washington Metropolitan Area Transit Authority (WMATA) selected Atlantic Pacific Companies — a Miami-based, fourth-generation national real estate developer — to build a $140 million, 320-unit affordable housing development on 3.8 acres of surface parking adjacent to the Capitol Heights Metro station. The project will also include 10,000 square feet of neighborhood-serving retail. Maryland allocated $17 million in 2024 specifically for infrastructure upgrades around the Capitol Heights Metro station to support this and future development. Pennrose, in partnership with The Argos Group, is simultaneously developing a 146-unit mixed-use transit-oriented community on town land directly south of the Capitol Heights Metro station, supported by $36.8 million in state DHCD funding, Low Income Housing Tax Credits, and other federal rental housing programs. Banneker Ventures is leading a parallel development at 6301 Central Avenue, directly across from the Addison Road Metro station, comprising 193 affordable housing units and 11,000 square feet of retail, currently under construction. The Blue Line Corridor Coalition — launched in late 2025 and led by the Local Initiatives Support Corporation (LISC) in partnership with local business owners, developers, and public officials — is actively working to spur additional revitalization and equitable development throughout the corridor. Prince George's County Executive Aisha Braveboy and Maryland Governor Wes Moore have both publicly committed to this corridor as a top economic development priority, providing political and institutional tailwinds that significantly de-risk private development in the area. SITE & INFRASTRUCTURE The property is fully served by all necessary offsite utilities and infrastructure, including water, electricity, natural gas, curb, gutter, and sidewalk — reducing pre-development costs and timelines compared to raw land. The site is situated on the PM side of Central Avenue, providing maximum visibility to the large volume of commuters returning from Washington, D.C. toward Prince George's County each evening. Central Avenue (MD-214) is a primary arterial connecting the D.C. border to the I-495 Capital Beltway, ensuring strong vehicular traffic counts and ease of access for retail, service, and residential uses. Walk Score: 50 | Transit Score: 70 | Drive Score: 100 PROPOSED USES Residential-retail mixed-use development Affordable or workforce housing (LIHTC eligible) Retail strip center or neighborhood-serving pad site Office or storefront retail Community amenity or transit-support facility Equipment storage or vehicle parking (interim or permanent) Land banking and Phase 2 corridor expansion Assemblage with adjacent parcels for major development opportunity FINANCIAL SNAPSHOT Asking Price: $525,000 Price Per Acre: $656,250 Price Per SF: ±$15.00 Lot Size: 0.80 Acres / ±35,000 SF Zoning: LTO-e (Local Transit-Oriented Edge) Opportunity Zone: Yes — Federally Designated Sale Type: Investment / Development Offsite Improvements: Water, electric, gas, curb, gutter, sidewalk

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/ACRE

$653,391/AC

PRICE/SF

$15 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Central Avenue Development Lot

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Storefront Retail/Residential

LAND ACRES

0.8 AC

LAND SF

35,000 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk

ZONING

LTO-e

APN/PARCEL ID

18-2119204

ASK ABOUT THIS PROPERTY

Bruce LucasBML Properties RealtyMore Info
240-832-8768

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Bruce LucasBML Properties RealtyMore Info
240-832-8768

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.