Silver Spring Mixed-Use Redevelopment
For Sale
$2,000,000
7961 Eastern Avenue, Silver Spring, MD 20910
Value-add mixed-use redevelopment site in Downtown Silver Spring.
Property Size16,560 SF
Price / SF$120.77
Days on Market884
Property Features for 7961 Eastern Avenue
General Information
Standard status
Active
Size
16,560 SF
Property subtype
Commercial
Building Details
Year Built
1956
Listing Agency:
Fleur de Lis,LLC
Listed By:
Monique A Walker · License #35560
(202) 996-4300
Source:
Ournexthouse
Added: Mar 23, 2024
Changed: Aug 23
Last Checked: Aug 22 at 1:26PM
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 Fleur de Lis,LLC
Investment Insights
Based on property information with market context.
Located just south of Downtown Silver Spring, 7961 Eastern Avenue presents a mixed-use redevelopment opportunity. The property is an ideal location for a Professional or Medical Office Building. The site benefits from the recent adoption of the 2022 Comprehensive Plan Amendment, which encourages diverse development, including affordable housing and small business support. The property is located within an approximate 442-acre area with favorable transportation connectivity. Planned multimodal transportation routes and urban revitalization initiatives are set to further enhance the area. The property's strengths include increased FAR and improved transit options. This dynamic mixed-use redevelopment site is located in the heart of Silver Spring and offers boundless possibilities. The property has a size of 16560 square feet.
Key Highlights
- Prime location south of Downtown Silver Spring, ideal for Professional/Medical Office Building.
- Significant redevelopment potential due to the 2022 Comprehensive Plan Amendment.
- Updated zoning encourages diverse development, including affordable housing and small business support.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,515
Businesses Nearby
Explore this area
Business Placement
Demographics for 20910, MD
45,610
Population
23,209
Households
2
Avg Household Size
36
Median Age
74%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,915
Density / Sq Mi
$107,994
Median Household Income
$70,022
Median Earnings
$1,992
Median Rent
$690,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Value-add mixed-use redevelopment site in Downtown Silver Spring.
Where is this mixed-use property located?
The property is located at 7961 Eastern Avenue Silver Spring, MD.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime location south of Downtown Silver Spring, ideal for Professional/Medical Office Building.; Significant redevelopment potential due to the 2022 Comprehensive Plan Amendment.; Updated zoning encourages diverse development, including affordable housing and small business support.
