Property summary
Downtown Crown presents a significant retail opportunity in Gaithersburg, Maryland, a highly affluent and educated community. This 258,000 square foot mixed-use development, situated on a sprawling 180-acre lot in Montgomery County, is the centerpiece of a larger urban masterplan. Currently, 255,000 square feet of retail space is available for lease, offering a unique chance to establish a presence in a thriving, dynamic environment. The property boasts a strong tenant mix, including established national brands and popular local favorites. Anchored by Harris Teeter, Ruth's Chris Steak House, Coastal Flats, Ted's Bulletin, Paladar, The Pour House, and Ted's Montana Grill, Downtown Crown provides a vibrant atmosphere and significant foot traffic. This prime location within a master-planned community positions businesses for success in a live-work-play environment, catering to a sophisticated and discerning clientele. The expansive space allows for significant customization and adaptability to suit a variety of retail concepts. This is an exceptional opportunity to secure a prominent position in one of the most desirable retail destinations in Montgomery County. The sheer scale of the available space, combined with the existing strong tenant lineup and the overall master-planned community context, presents a compelling investment proposition.
Property profile
VerifiedCap rate & NOI
Current use
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Specialty Food Shop Wine and Liquor Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of MXD zone is to provide a more flexible approach to the comprehensive design and development of multi use projects
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
MXD · Gaithersburg, MDThe purpose of MXD zone is to provide a more flexible approach to the comprehensive design and development of multi use projects
Zoning
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Zoning designation
Official district profile
The purpose of MXD zone is to provide a more flexible approach to the comprehensive design and development of multi use projects
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MXD in Gaithersburg, MD.
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