$3,000,000
1200 UNIVERSITY BLVD W Silver Spring, MD 20902
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$3,000,000
Est. payment /mo
16,877 SqFt
Active
1200 UNIVERSITY BLVD W Silver Spring, MD 20902
UPDATED:
10/16/2024 01:51 PM
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.
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
Waterfront N
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
Listed by Andrew John Genova • Foundry Commercial, LLC
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