Gaithersburg Development
13 E DEER PARK E Gaithersburg, MD 20877
For Sale
$2,950,000
Three-building campus with development potential near transit and amenities.
Property Size17,847 SF
Price / SF$165.29
Days on Market98
Property Features for 13 E DEER PARK E
General Information
Standard status
Active
Size
17,847 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
RE/MAX Realty Centre, Inc.
(301) 774-5900
Listed By:
J. Larry Galey · License #5299
(301) 774-5900
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 11:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty Centre, Inc.
Investment Insights
Based on property information with market context.
This three-building campus in Deer Park presents a development opportunity with RB zoning, which allows for a maximum building footprint of 17,847 square feet, representing 30% of the site. A new two-over-two condominium community is located one block from the property and is currently selling units. Subject to City of Gaithersburg approval, the East Deer Park campus has the potential to yield up to 34 similar two-over-two condominium units. The property is approximately 60% leased and is projected to reach 80% occupancy within the next 60 days. The location offers proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. The property benefits from marketing exposure along North Frederick Avenue, with high traffic volumes and curb visibility. The location has a walk score of 80, indicating it is very walkable, a bike score of 57, indicating it is bikeable, and a transit score of 43, indicating some transit options are available.
Key Highlights
- Development Opportunity: RB zoning allows for a maximum building footprint of 17,847 square feet, potentially yielding up to 34 condominium units (subject to City approval).
- Strong Investment Potential: Currently 60% leased, projected to reach 80% occupancy within 60 days, offering stable cash‑flow.
- Prime Location: Excellent proximity to MARC train station, Olde Town Gaithersburg, Shady Grove Metro, ICC, and I‑270 corridor.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Three-building campus with development potential near transit and amenities.
Where is this commercial land located?
The property is located at 13 E DEER PARK E Gaithersburg, MD.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Development Opportunity: RB zoning allows for a maximum building footprint of 17,847 square feet, potentially yielding up to 34 condominium units (subject to City approval).; Strong Investment Potential: Currently 60% leased, projected to reach 80% occupancy within 60 days, offering stable cash‑flow.; Prime Location: Excellent proximity to MARC train station, Olde Town Gaithersburg, Shady Grove Metro, ICC, and I‑270 corridor.
