1315 E Deer Park E, Gaithersburg, MD 20877

The East Deer Park campus consists of three apartment buildings presented as a multi-phase development opportunity in RB zoning. The zoning allows for adaptive reuse and establishes a maximum building footprint of 17,847 square feet, equal to 30% of the site. The campus is currently approximately 60% leased, with a stated projection to reach 80% occupancy within the next 60 days.

Located in Deer Park, the campus is described as being within one block of an active two-over-two condominium community, with units currently selling starting at $600,000 (subject to City of Gaithersburg approval for the East Deer Park concept). The property is also described as benefiting from proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor, along with marketing exposure along North Frederick Avenue.

For investors or operators, this offering combines in-place multifamily occupancy with a supported redevelopment framework through RB zoning. The provided redevelopment concept indicates potential for up to 34 additional two-over-two condominium units, pending municipal approval. The campus format and current leasing provide a practical foundation for an investor seeking a buy-and-hold strategy alongside an authorized expansion pathway.