The Offering

Summary

  • List Price Request For Offers
  • Product Type Land For Development
  • Combined Lot Size 20.9 AC
  • Zoning M-X-T

Investment Summary

Feldman Ruel is pleased to offer for sale National View, a rare opportunity to acquire one of the largest entitled mixed-use development sites in the Washington, D.C area. Planned for approximately 1,515 multifamily units and 60,000 square feet of commercial space, the project is positioned to transform a long underutilized site into a vibrant transit-oriented community in the heart of one of the region's fastest growing corridors.

With final land use approvals in place, a 15-year PILOT program and other public incentives projected to provide approximately $74 million in value, and a location within a designated Opportunity Zone, National View offers a compelling combination of midigated development risk, enhanced project economics, and access to tax-advantaged capital.

The subject property's elevated hilltop setting provides panoramic views of National Harbor, the Potomac River, and the Washington, D.C. skyline, while its location places it within minutes of major regional destinations including National Harbor, MGM National Harbor Hotel & Casino, the Gaylord National Resort & Convention Center, and the planned Sphere entertainment venue. Coupled with immediate access to I-495 and I-295, National View represents a uniquely positioned large-scale development opportunity with the size, approvals, incentives, and connectivity necessary to create a transformative mixed-use destination.

Investment Highlights

• Land-Use Approval Secured from the Prince George’s County Planning Board

• 15-Year PILOT Program & 50% Reduction in Public Safety Impact Fees

• In a Qualified Opportunity Zone which Provides Tax Advantages for Investors
• Prominent Hilltop Setting Across Much of the Property

• Exceptional Regional Connectivity with immediate access to both I-495 and I-295

• Nearby Major Regional Destinations Include National Harbor, MGM National Harbor, the Gaylord National Resort & Convention Center, and the future Sphere