403 E Diamond Ave, Unit GAITHERSBURG Gaithersburg, MD 20877
Prime 0.27-acre lot suitable for commercial or mixed-use development.
Lot size:
0.25 AcresProperty Features for 403 E Diamond Ave
General Information
- Standard status
- Active
- Lot size
- 0.25 Acres
Building Details
- Year built
- 1899
Source:
Corcoran
Listing Agent: Edward A. Martin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Redevelopment Opportunity in Downtown Gaithersburg
Located in historic downtown Gaithersburg, this 0.27-acre property presents a redevelopment opportunity. The location is near entertainment hubs and essential amenities, approximately 0.2 miles from the MARC Train Brunswick Line and 2.9 miles from the Metro Station. The lot is suitable for constructing a building exceeding two levels, allowing for commercial or mixed-use developments. The existing structure has demolition approval from both the city and CSX. Environmental tests and construction plans, including stormwater management, soil tests, a forest conservation plan, and a traffic flow assessment, are available for review. The property has the potential for up to 12 parking spaces. The property is not historically protected, and the seller has obtained the necessary approvals. Utilities to the property have been disconnected and will need to be re-established as part of the redevelopment process. A survey and additional documentation are available for review. Buyers are encouraged to pursue feasibility of economic incentives potentially offered by Gaithersburg, Montgomery County, and the State of Maryland. Seller is open to holding a first deed of trust for a buyer while they proceed with their plans.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Gaithersburg
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.1904356
- Latitude
- 39.1418939
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FAQs
What type of property is this?
Commercial land - Prime 0.27-acre lot suitable for commercial or mixed-use development.
Where is this commercial land located?
The property is located at 403 E Diamond Ave, Unit GAITHERSBURG Gaithersburg, MD.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: - Prime redevelopment opportunity in the heart of historic downtown Gaithersburg.; - Seller financing options available, including potential first deed of trust.; - Strategic location: Just 0.2 miles from MARC Train and 2.9 miles from Metro, providing excellent commuter access.