13 15 E Deer Park E
Gaithersburg, MD 20877
MLS# MDMC2228642Deer 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.
Property Features
Feature Descriptions
Local Schools
Disclosure: Exterior landscaping may be different than shown in photos as a result of Hurricane Ian.
Listed By / Shown By
Listed By
Agency Name: RE/MAX Realty Centre, Inc.
Agency Phone: 3017745900
Shown By
Agency Title: Bach Real Estate
Agency Phone: 301-695-9600
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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.bachrealestate.com today.