Silver Spring, MD 20902,1200 UNIVERSITY BLVD W
Silver Spring, MD 20902,1200 UNIVERSITY BLVD W
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$ 3,000,000
Est. payment | /mo

16,877 SqFt


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$ 3,000,000
Est. payment | /mo
Save

16,877 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 16,877 sqft

Price per Sqft $177

MLS Listing ID MDMC2143982

Originating Board BRIGHT

Year Built 1960

Annual Tax Amount $2,239

Tax Year 2024

Property Description

Call for OFFERS DUE 8/15/2024. Asking price listed is acting as a placeholder as there is no "asking price" as the price will be determined based on best offer submitted.

Once in a generation opportunity to own or participate in the future of this irreplaceable piece of land of 7.03 ± acres within the Kemp Mill Master Plan and University Boulevard Corridor Plan immediately next to Sligo Creek Parkway.

There is currently a school (approx. 10 classrooms and two large auditorium spaces) and church building (seating for approx. 150) that exists and can be activated for those uses along with outdoor playground and two parking lots.

Current zoning is R-60, but can potentially be reimagined and enhanced, especially if in alignment to what the Kemp Mill Master Plan University Boulevard Corridor Plan expressed an interest in having. These plans could present a buyer with the opportunity for a rezoning, up-zoning, special exception, etc so long as it aligns with what the master plan calls (linkage between local facilities, and/or a facility that facilitates social cohesion.

The site is surrounding by forestry but offers favorable and close proximity to public transit (bus lines, metro line – red), equidistant of approximately 31 miles south or east of Baltimore/Washington International Airport and Dulles International Airport respectively, and only 15 miles to Ronald Reagan Washington National Airport.

The seller is most interested in offers that include a plan to incorporate them into the redevelopment of the site for a period of time.

NOTE THAT INFORMATION INCUDED IN THIS LISTING IS NOTED AS "OTHER" AS THIS IS AN AS-IS, WHERE-IS and all services need to be verified by the buyer.

Location

State MD

County Montgomery

Zoning R60

Interior

Hot Water Other

Heating Other

Cooling Central A/C

Inclusions As-Is

Heat Source Other

Exterior

Garage Spaces 65.0

Water Access N

Accessibility Other

Total Parking Spaces 65

Garage N

Building

Sewer Public Sewer

Water Other

New Construction N

Schools

School District Montgomery County Public Schools

Others

Tax ID 161301344398

Ownership Other

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard, Auction

Bright MLS (BMLS)
Listed by Andrew John Genova • Foundry Commercial, LLC
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4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States

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1200 UNIVERSITY BLVD W