For Sale
$12,000,000

9620 Lottsford CtUpper Marlboro, MD 20774

97,000 SF, 3.6-acre site, $12M

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a proposed five-story, 97,000-square-foot Class A medical office building situated on a 3.6-acre site in Upper Marlboro, Maryland. Located at 9620 Lottsford Court, this property boasts a prime location within the Inglewood Office & Restaurant Park, zoned RTO-HE (Regional Transit Oriented High Intensity). The building is designed as a state-of-the-art medical facility, intended to provide a comprehensive range of healthcare services, from routine to highly sophisticated outpatient care. Each of the five floors offers approximately 19,520 square feet of usable space. The property benefits from partial entitlements, including an approved preliminary site plan for the development of the medical office building. Full entitlements, including the detailed site plan approval, are anticipated by December 2023. Following approval, the estimated construction timeline is approximately 18 months, with potential completion by mid-2025. The projected construction budget is between $36 million and $38 million. This development is strategically positioned near the University of Maryland Capital Regional Health Center, a new state-of-the-art hospital at the Largo Metro Station on the Blue Line. The site's size is approximately 156,816 square feet. Significant federal and state funding has been allocated to support healthcare services in the area, further enhancing the investment potential of this project. The asking price for this exceptional opportunity is $12,000,000.

Highlights

  • 3.6-acre site available for sale.
  • 156,816 square foot lot.
  • Proposed 97,000 SF Class A medical office building.
  • RTO-HE (Regional Transit Oriented High Intensity) zoning.
  • 3.6-acre site, RTO-HE zoned, near University of Maryland Capital Regional Health Center and Largo Metro Station.
  • Partial entitlements in place, including approved preliminary site plan for a 97,600 SF medical office building; full entitlements expected by December 2023.

Property Details for 9620 Lottsford Ct

Property type
Office properties, Medical offices
Square Feet
97,000 SF
Class
A
Lot Size (sq. ft)
156,816 SF

Location Insight

City
Upper Marlboro
County
Prince George's
State
Maryland
Latitude
38.911081
Longitude
-76.841891
9620 Lottsford Ct, Upper Marlboro, Maryland

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9620 Lottsford Ct
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