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    106 Summit Ave Gaithersburg, MD 20877

    Sponsored
    For Sale
    $775,000

    Prime location, high-density zoning, development potential.

    Property size:
    17,678 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional 17,678 square foot commercial property presents a unique investment opportunity in the heart of Gaithersburg, Maryland. Situated on a 0.41-acre lot at the corner of North Summit Avenue and Lee Street, this site boasts a highly desirable Central Business District (CBD) zoning designation from the City of Gaithersburg. This zoning allows for a variety of development options, including townhome construction, retail establishments, or office space, providing significant flexibility for the discerning investor. The property's strategic location offers unparalleled convenience, with easy access to major transportation arteries such as I-270 and Route 355, ensuring excellent connectivity for residents and employees. Furthermore, its proximity to the vibrant Old Towne Gaithersburg district provides immediate access to a thriving shopping and restaurant scene, enhancing the property's appeal and potential for success. The substantial lot size, combined with the advantageous zoning and prime location, makes this an exceptional opportunity for developers seeking a high-impact project in a rapidly growing area. The property's corner location provides excellent visibility and accessibility, further enhancing its development potential. This is a rare chance to acquire a significant parcel in a sought-after location with a wide range of development possibilities. The asking price is $775,000.

    Property Features for 106 Summit Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    17,678 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built
    2007
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    MONTGOMERY
    State
    Maryland
    Longitude
    -77.19289
    Latitude
    39.14478

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high-density zoning, development potential.
    Where is this commercial real estate located?
    The property is located at 106 Summit Ave Gaithersburg, MD.
    What is the asking price?
    The asking price for this property is $775,000.
    (301) 961-9696
    Request Owner's contact information
    106 Summit Ave Gaithersburg, MD 20877
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    Gaithersburg, MD 20877
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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
    106 Summit Ave Gaithersburg, MD 20877
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