Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Heating YN

    YES

  • Heating

    Natural Gas, Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Brick

  • Parking

    On Street, Garage

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $2,500,000

  • Tax Amount

    31891.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Accessibility Features

    Accessible Hallway(s)

  • Sewer

    Public Sewer

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Location

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MONTGOMERY

Elementary School

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Listing Courtesy of Monique A Walker , Fleur de Lis, LLC

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ChristyIssler

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Downtown Silver Spring Value-Add Mixed-Use Redevelopment in Opportunity Zone

Purchase an office building in a newly up-zoned Commercial Residential Zone, in close proximity to Metro rail and Metro bus on well-traveled Eastern Avenue bordering Washington, DC. Property sits in a Priority Funding Area and benefits from recent expansion of uses per 2022 Amended Comprehensive Plan through the Silver Spring Downtown and Adjacent Comprehensive Plan. The amended plan allows for a 4 FAR or 24, 000 SQFT building potential. The building is currently 16,000+/- SQFT. Additionally, approved Zoning Code Amendments make this location ripe for repositioning or redevelopment. Approved transit and roadway improvements are value-ads, as they will allow for greater connectivity throughout the 8 distinct districts making up Downtown Silver Spring. Moreover, environmentally and security-focused design on the multi-modal trails/paths and roadways have an emphasis on storm water management and cooling roadways mechanism like right of way rain gardens, and expansion of tree canopy on pedestrian connector roads, sidewalks and roadways.

Recently passed Montgomery County legislation will allow greater density in the split-zoned (CR-3, C-3, R-3, and H-125) location. Proximity to the abutting Kennett Street Garage & Parking Lot opens up opportunity for multiple redevelopment possibilities to include:

Institutional Uses

Residential

Health

Education

Philanthropic

Cultural

Charitable

Specialty Uses

Family Day Care Hospital Educational Private Club/Service Organization Religious Assembly

Restaurant Hotel/Motel Dental Labs Research and Development (R&D) Health Club Radio Facility

7961 EASTERN AVENUE

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#MDMC2189912

SILVER SPRING

8215 FENTON STREET

None Beds

None Baths

13,175 Sq.Ft.

$3,000,000

MLS#: MDMC2189912

 - property

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