$ 2,950,000
-
$2,950,000
Price -
0
Bed -
0
Bath -
17,445
SqFt
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About the Listing RRC1 - 2517
Deer Park’s three-building campus presents a rare and compelling development opportunity, RB zoning offer a unique range of permitted uses. Specifically this zoning allows foradaptive reuse and a maximum building footprint of 17,847 square feet (30% of the site). A new two-over-two condominium community located within one block of the property is currently selling units starting at $600,000. Subject to City of Gaithersburg approval, the East Deer Park campus has the potential to yield up to 34 similar two-over-two condominium units. The property is currently approximately 60% leased and is projected to reach 80% occupancy within the next 60 days. This asset offers strong appeal to income-focused investors seeking a buy-and-hold opportunity or a stable cash-flow investment. The campus enjoys excellent proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. It also benefits from prominent marketing exposure along North Frederick Avenue, with high traffic volumes and exceptional curb visibility.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Commercial Sale
MLS ®
MDMC2228642
Year Built
1970
Total Square Footage
17,445
Lot/Acreage
1.36
County
Montgomery
Neighborhood
Deer Park
School District
Montgomery County Public Schools
High School
Gaithersburg
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C,Heat Pump(s)
- Heating: Forced Air,Heat Pump(s)
- Fireplaces:
- Floor: Fully Carpeted
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 50
- Zoning: RB
- Roof: Composite
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $37,595
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
13 E Deer Park E Gaithersburg, MD 20877
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