Listing Agency: Transwestern | Mid-Atlantic Show Phone

Listed By: Joe McCormick

Source: Moodyscre

Added: Aug 8, 2024 Changed: Jul 10 Last Checked: Aug 12 at 9:15AM

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Investment Insights

Based on property information with market context.

This mixed-use redevelopment opportunity is located in the heart of Old Towne Gaithersburg in Montgomery County, MD. The project includes five retail buildings, including a vacant former shoe store, a cash depot/merchandise store, two restaurants, and a barber shop. Additionally, the property features eight residential units located on the second level. The property size is 57934 square feet.

Key Highlights

• Mixed‑use redevelopment opportunity
• Located in the heart of Old Towne Gaithersburg, Montgomery County, MD
• Comprised of 5 retail buildings

Property Analytics

Property Profile

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Butcher Pet Store Catering Service Storage Facility Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,753

Businesses Nearby

14k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 88% Electronics 12%

Shell Shops & Services

12,290 visits/mo 0.4 miles

Metro by T-Mobile Electronics

1,714 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use redevelopment opportunity in Old Towne Gaithersburg, Montgomery County, MD.

Where is this mixed-use property located?

The property is located at 206-226 E Diamond Ave Gaithersburg, MD.

What are key features of this property?

This property features: Mixed‑use redevelopment opportunity; Located in the heart of Old Towne Gaithersburg, Montgomery County, MD; Comprised of 5 retail buildings