Listing Courtesy of: Edward Martin - Keller Williams Realty/Lee Beaver & Assoc. 703-330-2222

403 E Diamond Avenue Gaithersburg, MD 20877 Municipality: City Of Gaithersburg

Down payment assistance icon
Retail Residence
Beds
Baths
2,652 Sq. Ft.
0.25 Acre Lot

Property Activity

Time on Site
days
Days on Market
Views
Saves
Last updated on 11/24/2024 5:32 AM
Prime Redevelopment Opportunity in Historic Downtown Gaithersburg Property Overview includes Location Downtown Gaithersburg Lot Size 0.27 acres Property is ready for redevelopment Survey is available in documents This unique property offers an exceptional redevelopment opportunity in th...e heart of historic downtown Gaithersburg. Situated on a 0.27-acre lot, this prime location is ideal for developers and investors looking to tap into the growing potential of the area. Key Features include Strategic Location - Located in the vibrant downtown area, this property is in close proximity to entertainment hubs and essential amenities. It is just 0.2 miles from the MARC Train Brunswick Line, providing convenient commuter access, and 2.9 miles from the Metro Station, ensuring easy connectivity to the broader DC metropolitan area. Development Potential - The lot is suitable for constructing more than a two-level building, offering ample space for various commercial or mixed-use developments. With approval for demolition from both the city and CSX, the existing structure can be removed, allowing for a fresh start on this prime site. Comprehensive Planning - Extensive environmental tests and construction plans are available for review during due diligence. These include stormwater management, soil tests, a forest conservation plan, and a traffic flow assessment, giving a buyer confidence that many foundational aspects for redevelopment are in place. Parking Capacity - The property offers the potential for up to 20 parking spaces, a valuable asset in downtown Gaithersburg, where parking availability can significantly enhance the appeal and functionality of the development. Not Historically Protected - The property is not deemed historical, and the seller has obtained the necessary approvals, providing flexibility for redevelopment without the constraints of historical preservation regulations. Important Notices - Safety Warning - Please do not enter the existing building on the property. Entry is at your own risk due to safety concerns. Document Availability - The survey and additional documentation are available for review, providing detailed insights into the propertyâs potential and requirements for redevelopment. · Please note that utilities to the property have been cut/disconnected, which will need to be re-established as part of the redevelopment process. This property represents a rare opportunity to invest in and transform a key piece of downtown Gaithersburg. With its excellent location, extensive planning resources, and flexible redevelopment options, it is an ideal choice for developers looking to create a landmark project in a growing community. Take the first step toward realizing the potential of this exceptional redevelopment opportunity in historic downtown Gaithersburg! Seller open to holding a first deed of trust is offer terms acceptable. Continue reading
MLS#
MDMC2135270
Property Type
Retail
Year Built
1899
Square Feet
2,652 sq. ft
Price per Sq. Ft.
$438.03
Lot Size
0.25
Sewer
Public Sewer

Receive an email as soon as the price changes

Receive an email

as soon as the price changes
Get Price Alerts
price alerts icon

Get Price Alerts

Don't miss your chance. Receive an email as soon as the price changes.

Notify Me

Get email alerts when
a home price changes

Sign up
view of kitchen

Enter your work address to view actual drive times with traffic for this property.

 

Calculating ...
Here is the weekday INRIX Drive Time from this property to . Change Address

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Source: Walk Score®

How much home can I afford?

Get prequalified today and learn more.

Get Started

Rental Valuation Estimate

rental value icon
Per Month
See More Trends
Listing Courtesy of: Edward Martin - Keller Williams Realty/Lee Beaver & Assoc. 703-330-2222
Andrea Conner, Maryland License 667140, Xome Inc., License 667140, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, D.C. License BR200200783, Xome Inc., License CO98372739, [email protected], 844-400- 9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, PA License # RM425337, Xome Inc., PA License #RB067821, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, NJ License # 1758875, Xome Inc. NJ License # 2326449, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

© BRIGHT, All Rights Reserved - The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Xome Inc. participates, and is provided by BRIGHT through a licensing agreement. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
This content last refreshed on 11/24/2024 5:32 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
Prequalify