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    26530 Ridge Rd Damascus, MD 20872

    Sponsored
    For Sale
    $350,000

    Prime .46-acre lot, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional .46-acre commercial lot presents a unique investment opportunity in the thriving Damascus, MD market. Situated on heavily trafficked Ridge Road (Rt. 27), this property boasts unparalleled visibility and accessibility, making it ideal for a diverse range of commercial ventures. Its location adjacent to an established animal hospital ensures a steady stream of potential customers and reinforces its prime commercial viability. The lot's size offers ample space for new construction, allowing for flexibility in design and development to suit various business needs. The high traffic count on Ridge Road guarantees significant exposure for any business established on this property, maximizing its potential for success. This is a rare opportunity to acquire a strategically located commercial lot in a bustling community with strong growth prospects. The property's location offers easy access to major roadways, ensuring convenient commutes for employees and customers alike. Given its size and location, this lot is well-suited for a variety of commercial uses, from retail spaces to professional offices, presenting a compelling investment opportunity for discerning buyers. The potential for significant return on investment is undeniable, making this property a must-see for any serious commercial developer or investor. Don't miss this chance to secure a prime piece of Damascus real estate.

    Property Features for 26530 Ridge Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,038 SF
    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 Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.20522
    Latitude
    39.29151

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    FAQs

    What type of property is this?
    Commercial real estate - Prime .46-acre lot, high visibility.
    Where is this commercial real estate located?
    The property is located at 26530 Ridge Rd Damascus, MD.
    What is the asking price?
    The asking price for this property is $350,000.
    (301) 662-0155
    Request Owner's contact information
    26530 Ridge Rd Damascus, MD 20872
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    Damascus, MD 20872
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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
    26530 Ridge Rd Damascus, MD 20872
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