13-15 E Deer Park E,GAITHERSBURG, MD 20877
GAITHERSBURG, MD 20877
Description
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.
Details
| MLS # | MDMC2228642 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1970 |
| Days On Site | 148 |
| Listing Provided By | RE/MAX Realty Centre, Inc. | J. Larry Galey |
Features
| Units | 1 |
|---|---|
| Zoning | RB |
| Acreage | 1.36 |
Interior
| Cooling | Central A/C, Heat Pump(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Heat Pump(s) |
Exterior
| Roof | Composite |
|---|---|
| Construction Materials | Combination, Brick |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 37595.15 |
|---|
Area Information
| State | MD |
|---|---|
| County | MONTGOMERY MD |
| City | GAITHERSBURG |
| Zip Code | 20877 |
| Area | MONTGOMERY MD |
| Community Name | DEER PARK |
| School District | MONTGOMERY COUNTY PUBLIC SCHOOLS |
| High School | GAITHERSBURG |
| Listing VS Median (in DEER PARK) | |
Price: $2,490,000 low | high Med: $399,900 On site: 148 low | high Med: 78 | |
Market Activity 20877
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MD |
|---|---|
| County | MONTGOMERY MD |
| City | GAITHERSBURG |
| Zip Code | 20877 |
| Area | MONTGOMERY MD |
| Community Name | DEER PARK |
| School District | MONTGOMERY COUNTY PUBLIC SCHOOLS |
| High School | GAITHERSBURG |
| Listing VS Median (in DEER PARK) | |
Price: $2,490,000 low | high Med: $399,900 On site: 148 low | high Med: 78 | |
