7961 EASTERN AVENUE, Silver Spring, MD 20910

This property presents a value-add mixed-use redevelopment opportunity in downtown Silver Spring, situated within an Opportunity Zone. The property, an office building, benefits from a newly up-zoned Commercial Residential Zone and is conveniently located near Metro rail and Metro bus lines on Eastern Avenue, bordering Washington, DC. It resides within a Priority Funding Area and has expanded uses due to the 2022 Amended Comprehensive Plan through the Silver Spring Downtown and Adjacent Comprehensive Plan. The amended plan allows for a 4 FAR or 24,000 SQFT building potential. The building is currently 16,000+/- SQFT. Approved Zoning Code Amendments further enhance the location's potential for repositioning or redevelopment. Approved transit and roadway improvements will improve connectivity throughout the eight districts of Downtown Silver Spring. Environmentally and security-focused design on the multi-modal trails/paths and roadways emphasizes storm water management and cooling roadways mechanisms, such as right of way rain gardens, and expansion of tree canopy on pedestrian connector roads, sidewalks, and roadways. Recent Montgomery County legislation will allow greater density in the split-zoned (CR-3, C-3, R-3, and H-125) location. Proximity to the abutting Kennett Street Garage & Parking Lot opens up opportunity for multiple redevelopment possibilities to include: Institutional Uses Residential Health Education Philanthropic Cultural Charitable Specialty Uses Family Day Care Hospital Educational Private Club/Service Organization Religious Assembly Restaurant Hotel/Motel Dental Labs Research and Development (R&D) Health Club Radio Facility.