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    403 E Diamond Ave, Unit GAITHERSBURG Gaithersburg, MD 20877

    For Sale
    $690,000

    Prime 0.27-acre lot suitable for commercial or mixed-use development.

    Lot size:
    0.25 Acres

    Property Features for 403 E Diamond Ave

    General Information

    Standard status
    Active
    Lot size
    0.25 Acres

    Building Details

    Year built
    1899

    Source: KELLER WILLIAMS REALTY/LEE BEAVER & ASSOC. Agent EDWARD A. MARTIN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity in Downtown Gaithersburg

    Located in historic downtown Gaithersburg, this 0.27-acre property presents a redevelopment opportunity. The location is near entertainment hubs and essential amenities, approximately 0.2 miles from the MARC Train Brunswick Line and 2.9 miles from the Metro Station. The lot is suitable for constructing a building exceeding two levels, allowing for commercial or mixed-use developments. The existing structure has demolition approval from both the city and CSX. Environmental tests and construction plans, including stormwater management, soil tests, a forest conservation plan, and a traffic flow assessment, are available for review. The property has the potential for up to 12 parking spaces. The property is not historically protected, and the seller has obtained the necessary approvals. Utilities to the property have been disconnected and will need to be re-established as part of the redevelopment process. A survey and additional documentation are available for review. Buyers are encouraged to pursue feasibility of economic incentives potentially offered by Gaithersburg, Montgomery County, and the State of Maryland. Seller is open to holding a first deed of trust for a buyer while they proceed with their plans.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1904356
    Latitude
    39.1418939

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    FAQs

    What type of property is this?
    Commercial land - Prime 0.27-acre lot suitable for commercial or mixed-use development.
    Where is this commercial land located?
    The property is located at 403 E Diamond Ave, Unit GAITHERSBURG Gaithersburg, MD.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in the heart of historic downtown Gaithersburg.; - Seller financing options available, including potential first deed of trust.; - Strategic location: Just 0.2 miles from MARC Train and 2.9 miles from Metro, providing excellent commuter access.
    (703) 330-2222
    Request Owner's contact information
    403 E Diamond Ave, Unit GAITHERSBURG Gaithersburg, MD 20877
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    403 E Diamond Ave, Unit GAITHERSBURG Gaithersburg, MD 20877
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