704 Russell Avenue Gaithersburg, MD 20877

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Listing agency WRS Inc Real Estate Investments

Listed by Mary Dufour · License #SC 8788

Source Crexi

Added: Oct 28, 2024 Updated: Jul 10 at 11:24AM Checked: Jul 21 at 4:30AM

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Investment Insights

Based on property information with market context.

This property, situated on approximately 100 acres in Gaithersburg, Maryland, is part of the Washington DC MSA. The area is considered a highly educated and affluent market within the United States. WRS Inc. is planning a complete redevelopment of the Lakeforest property into a multi-use destination featuring employment, retail, residential, and entertainment venues. The site is bounded by four major roadways and is located just off Interstate 270. This presents a unique opportunity to accommodate a wide variety of users, including those not presently operating in the market, as well as those wishing to relocate from older generation facilities currently in the market.

Key Highlights

• 100‑acre property slated for complete redevelopment into a multi‑use destination.
• Located in Gaithersburg, MD, part of the highly educated and affluent Washington DC MSA.
• Excellent accessibility bounded by 4 major roadways and just off Interstate 270.

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FAQs

What type of property is this?

Commercial land - 100-acre mixed-use redevelopment project in Gaithersburg, Maryland.

Where is this commercial land located?

The property is located at 704 Russell Avenue Gaithersburg, MD.

What are key features of this property?

This property features: 100‑acre property slated for complete redevelopment into a multi‑use destination.; Located in Gaithersburg, MD, part of the highly educated and affluent Washington DC MSA.; Excellent accessibility bounded by 4 major roadways and just off Interstate 270.