Lakeforest Redevelopment
For Lease
Contact for pricing
704 Russell Avenue, Gaithersburg, MD 20877
100-acre mixed-use redevelopment project in Gaithersburg, Maryland.
Space Size3,600,000 SF
Lot Size100.00 Acres
Days on Market678
Property Features for 704 Russell Avenue
General Information
Standard status
Active
Size
3,600,000 SF
Total Parking Spaces
1998
Lot size
100.00 Acres
Property subtype
Retail, Office, Land, Restaurant
Building Details
Building Size
3,600,000 SF
Tenancy
Multiple
Spaces For Lease
at 704 Russell Avenue Contact us- Size
- 3,600,000 SF
- Type
- Land, Office, Restaurant, Retail
- Availability
- Active
Available Space
Listing Agency:
Cushman & Wakefield - Bethesda, Maryland
Listed By:
Peter Rosan · License #5132768
(301) 634-8487
Source:
Crexi
Added: Oct 28, 2024
Changed: Sep 4
Last Checked: Sep 3 at 4:23AM
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 Cushman & Wakefield - Bethesda, Maryland
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.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 20877, MD
37,577
Population
13,599
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
76%
High-School Grad
5.6 sq mi
ZIP Area
6,710
Density / Sq Mi
$86,103
Median Household Income
$39,341
Median Earnings
$1,862
Median Rent
$462,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
