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    23318 Frederick Rd Clarksburg, MD 20871

    For Sale
    $950,000

    Prime 0.59-acre lot, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 0.59-acre commercial development lot presents a unique investment opportunity in the thriving Clarksburg, MD market. Boasting 136 feet of frontage along Route 355, this property offers unparalleled visibility and accessibility for any commercial venture. The lot is zoned CRT (Commercial Residential Town), allowing for a diverse range of development possibilities. A key advantage is the already established water and sewer access at the street, significantly reducing infrastructure development costs and expediting the construction process. With a maximum Floor Area Ratio (FAR) of 0.5, developers have ample flexibility in designing their projects. The property's location along a major thoroughfare ensures high traffic volume and excellent exposure to potential customers. This is an ideal site for businesses seeking a prominent location with convenient access to a growing community. The combination of prime location, favorable zoning, and readily available utilities makes this a truly exceptional opportunity for developers seeking a high-impact commercial project. Don't miss this chance to acquire a strategically positioned lot with significant potential for future growth and return on investment. Serious inquiries only.

    Property Features for 23318 Frederick Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    25,700 SF

    Building Details

    Year Built
    1909
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarksburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.27949
    Latitude
    39.23812

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 0.59-acre lot, high visibility.
    Where is this commercial real estate located?
    The property is located at 23318 Frederick Rd Clarksburg, MD.
    What is the asking price?
    The asking price for this property is $950,000.
    (410) 874-8111
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    Clarksburg, MD 20871
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23318 Frederick Rd Clarksburg, MD 20871
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