9620 Lottsford CtUpper Marlboro, MD 20774

Property Details for 9620 Lottsford Ct

Lot size

3.58 AC

Zone code

RTOHE

Property type

Industrial properties

Property subtype

Other industrial properties

APN

13-3005543

APU

133005543

Description

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.

Location Insight

City

Upper Marlboro

County

Prince George's

State

Maryland

Latitude

38.9111

Longitude

-76.8419

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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