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    704 Russell Ave Gaithersburg, MD 20877

    Sponsored
    For Lease
    Contact for pricing

    Prime MD location, multi-use development potential.

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 100-579 acre property in Gaithersburg, Maryland, presents a unique investment opportunity. Located in Montgomery County and boasting 62 buildings totaling 1 square foot, this single-tenancy site is primed for redevelopment. Currently zoned for retail, office, land, and restaurant uses, the property offers significant flexibility for a wide range of commercial ventures. Its strategic location within the Washington, DC MSA, a highly educated and affluent market, ensures strong potential for future growth and high occupancy rates. The site's accessibility is further enhanced by its proximity to four major roadways and Interstate 270, providing excellent visibility and convenient access for employees and customers. This expansive property offers a blank canvas for a visionary developer seeking to create a vibrant mixed-use destination encompassing employment, retail, residential, and entertainment components. The existing infrastructure provides a solid foundation for a comprehensive redevelopment project, catering to both established businesses seeking relocation and new market entrants. This is a rare opportunity to acquire a substantial land parcel in a highly desirable location with exceptional development potential. The property's size and location make it an ideal candidate for a large-scale, multi-faceted development project.

    Property Features for 704 Russell Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Building Details

    Buildings
    62

    Unit(s) available at that property

    Space
    Available Space
    Size
    1 SF

    HighLights

    • 579‑acre site in Gaithersburg, MD.
    • 62‑building property totaling 3.6 million square feet.
    • Zoned for retail, office, land, and restaurant uses.
    • Proximity to I‑270 and other major roadways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2087659
    Latitude
    39.1528387

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    FAQs

    What type of property is this?
    Restaurant - Prime MD location, multi-use development potential.
    Where is this restaurant located?
    The property is located at 704 Russell Ave Gaithersburg, MD.
    What are key features of this property?
    This property features: 579-acre site in Gaithersburg, MD.; 62-building property totaling 3.6 million square feet.; Zoned for retail, office, land, and restaurant uses.
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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
    704 Russell Ave Gaithersburg, MD 20877
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