UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Deer Park
MLS Listing ID MDMC2228642
Year Built 1970
Annual Tax Amount $37,595
Tax Year 2026
Lot Size 1.365 Acres
Acres 1.36
Property Sub-Type Office
Source BRIGHT
Property Description
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.
Location
State MD
County Montgomery
Zoning RB
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C, Heat Pump(s)
Flooring Fully Carpeted
Heat Source Electric
Exterior
Garage Spaces 50.0
Water Access N
Roof Type Composite
Street Surface Black Top
Accessibility None
Road Frontage City/County
Total Parking Spaces 50
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Gaithersburg
School District Montgomery County Public Schools
Others
Tax ID 00834108
Ownership Fee Simple
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Nearby Locations
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