MLS#MDMC2228642
STATUSACTIVE
PROPERTY TYPECommercial - Office
SUBDIVISIONDEER PARK
SCHOOLMONTGOMERY COUNTY PUBLIC SCHOOLS
Property 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 for 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.
Property Features
Property Type: Commercial - Office
Cooling: Central A/C, Heat Pump(s)
Fuel Type: Electric
Heating: Forced Air, Heat Pump(s)
Lot Size: 1.36 Acres
Roof Type: Composite
Taxes: $37,595
Year Built: 1970
Feature Descriptions
Exterior: Combination, Brick
Flooring: Wall to Wall Carpeting
Lot Dimensions: 1.36 Acre(S)
Municipality: GAITHERSBURG
Sewer: Public Sewer
Total Garage/Parking Spaces: 50
Units: 1
Water: Public
Local Schools
High School: GAITHERSBURG
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: RE/MAX Realty Centre, Inc.
Agency Phone: 3017745900
Shown By
Agent Name: Debra McManus
Agent Phone: (717) 487-8666
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
13 15 E Deer Park E | MLS# MDMC2228642
This commercial property located at 13 15 E Deer Park E , Gaithersburg, MD 20877 is currently listed for sale with an asking price of $2,950,000. 15 E Deer Park E is located within the MONTGOMERY COUNTY PUBLIC SCHOOLS school district. Search Gaithersburg real estate on www.debramcmanus.com today.