116 Ritchie Rd
Capitol Heights, Maryland
Property Overview
- Address 116 Ritchie Rd | Capitol Heights MD 20743
- Transaction Type For Sale
- Property Type Retail
- Lot Size 0.3823921028466483 Acres
- Price $1,800,000
- Year built 1963
- Building size (SF) 6,316
- APN 1536028
Property Description
6,316 ± SF Freestanding Retail
Location Overview
Prime location for retail/investment with easy access to major transportation routes, including I-495 and I-95, the area offers exceptional connectivity for moving goods and materials. Situated in close proximity to Northwest Stadium and the Blue/Silver Line Metro Stations (Downtown Largo, Addison Road, and Morgan Boulevard), the site provides convenient transportation options for employees and clients.
Highlights
6,316 ± SF Freestanding Retail for Lease
0.34 Acres of Land
Can be delivered vacant
Great visibility - Traffic Counts total 22,265 vpd
Zoned I-E (Industrial Employment)
Parking Ratio - 1.58/1,000 SF
Located within a Prince George's County designated Redevelopment Zone
Regional Transit District Proximity — Plan 2035 designates the Blue/Silver Line corridor with three Metro stations nearby as a Regional Transit District and priority growth center, focusing County investment and zoning flexibility on this exact geography.
Active Sector Plan Underway — A new Central Avenue–Blue/Silver Line Sector Plan, authorized in 2023, covers the immediate area — positioning properties within the boundary for enhanced entitlements and increased development capacity.
Job Growth Priority Corridor — Plan 2035 targets Inner Beltway communities along Central Avenue for job growth and business investment, directing EDC resources and business attraction programs to this corridor.
Incentive Stacking Potential — County-aligned TIF eligibility, New Markets Tax Credits, and New Jobs Tax Credits can be layered through public-private partnerships for maximum project feasibility at this address.
SALE PRICE: $1,800,000.00
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.