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    Silver Spring Mixed-Use Redevelopment Opportunity
    Updated: May 6, 2024
    Silver Spring Mixed-Use Redevelopment Opportunity

    7961 Eastern Ave, Silver Spring, MD 20910

    $2,000,000
    16,000 sqft 0.14 AC lot
    High redevelopment potential with up‑zoned commercial residential zone, offering 24,000 sqft potential.
    Opportunity Zone & Priority Funding Area offers potential tax advantages and investment incentives.
    Excellent transit access with close proximity to Metro rail and Metro bus on Eastern Avenue.
    Expanded use options with the 2022 Amended Comprehensive Plan allows for diverse redevelopment possibilities.
    Increased density allowed due to recently passed Montgomery County legislation.
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    This listing looks promising.

    Here's a quick look at some key insights for

    7961 Eastern Ave, SILVER SPRING, MD 20910

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    • Est. Cap Rate

      6%
      Above avg (5.9%)

    • Est. NOI

      $120K
      Annual

    • Price @ 7% Cap

      $1.71M
      Suggested

    • Property Type

      Office Building
      Built 1956
    View Property Analytics
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 1 Active listings in Silver Spring, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    The Embassy Inn Hotel
    The Embassy Inn Hotel

    1627 16th Street NW, Washington, DC 20009

    Contact for pricing
    12,360 sqft

    A 1910-built lodging property in Washington, DC with RA-4/DC zoning.

    View details
    Commercial Land Near Transportation
    Commercial Land Near Transportation

    6001 Richmond Hwy, Alexandria, VA 22303

    $5,200,000
    2.54 AC lot

    Commercial land zoned for hotel/motel use, convenient location.

    View details
    Historic Bed and Breakfast Hotel
    Historic Bed and Breakfast Hotel

    101 5th Street NE, Washington, DC 20002

    Contact for pricing

    An 11-room, 19-bed historic hotel with basement space, with living room conversion potential for two additional two-bed units.

    View details
    Commercial Land Parcel
    Commercial Land Parcel

    2601 Main Line Blvd, Alexandria, VA 22301

    Contact for pricing

    Land site with approvals for hotel use and a planned mixed-use office with ground-floor retail.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    13933-13937 BRADDOCK RD, Centreville, VA 20120

    $1,750,000
    2.48 AC lot

    2.48 acres of C-8 zoned land near Lee Highway.

    View details
    Commercial Land with Mixed-Use Zoning
    Commercial Land with Mixed-Use Zoning

    Tract B FORBES Drive, Martinsburg, WV 25404

    $250,000
    1.31 AC lot

    Zoned Mixed-Use Commercial (MUC) and fronts over 300 feet for flexible development.

    View details
    Mixed-Use Commercial Land Parcel
    Mixed-Use Commercial Land Parcel

    Tract A FORBES Drive, Martinsburg, WV 25404

    $275,000
    1.80 AC lot

    Zoned MUC, Tract A offers paved-road frontage and direct rear adjacency to the Villages at Courthouse Square townhomes.

    View details
    Commercial Lot in Culpeper, VA
    Commercial Lot in Culpeper, VA

    121 W PIEDMONT Street, Culpeper, VA 22701

    $325,000
    0.29 AC lot

    Commercial lot suitable for duplex or small hotel development.

    View details

    Off-Market Properties in Silver Spring, MD

    Consider similar Off-Market properties in Silver Spring, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    8727 Colesville Rd, Unit HU-1
    HOTEL

    8727 Colesville Rd, Silver Spring, MD 20910-3903

    Unit HU-1
    Value Estimation by Request
    178,595 sqft 0.81 AC lot
    View details
    8777 Georgia Ave, Unit HU-1
    HOTEL

    8777 Georgia Ave, Silver Spring, MD 20910-3715

    Unit HU-1
    $16,325,000
    Estimated value
    136,429 sqft 0.77 AC lot
    View details
    8506 Fenton St
    HOTEL

    8506 Fenton St, Silver Spring, MD 20910-4470

    $6,265,000
    Estimated value
    106,482 sqft 0.43 AC lot
    View details
    12000 Plum Orch Dr
    HOTEL

    12000 Plum Orch Dr, Silver Spring, MD 20904-7857

    $5,395,000
    Estimated value
    86,245 sqft 3.83 AC lot
    View details
    1701 Elton Rd
    HOTEL

    1701 Elton Rd, Silver Spring, MD 20903-1702

    $3,075,000
    Estimated value
    49,260 sqft 1.44 AC lot
    View details
    Broadbirch Dr
    HOTEL

    Broadbirch Dr, Silver Spring, MD 20904

    $12,190,000
    Estimated value
    67,850 sqft 1.69 AC lot
    View details
    12521 Prosperity Dr
    HOTEL

    12521 Prosperity Dr, Silver Spring, MD 20904-1662

    $3,025,000
    Estimated value
    85,881 sqft 4.18 AC lot
    View details

    Silver Spring, MD Hotels Market Trends and Statistics

    Explore 8 hotels for sale in Silver Spring, MD on our real estate platform. These investment opportunities span a total of 16,000 square feet of properties for sale, with an estimated market value of $2,000,000.

    Sale prices for resorts in Silver Spring, MD average $2,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1

    Demographics Overview

    Population 333K
    Population Growth (5Y) +0.9%
    Median Household Income $103,205
    College Educated 34.3%

    Taxes & Financing

    Tax Rate (average for all types) 1.07%
    Property Tax per SF $6.71 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Montgomery County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Silver Spring fall within the 10,000 to 25,000 square foot range.

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