7961 Eastern Ave NW Silver Spring, MD 20910
Value-add mixed-use redevelopment site in Downtown Silver Spring.
Type:Mixed Use
Property size:
16,560 SF- Added:
- Feb 3, 2023
- Days on Market:
- 1158
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 7961 Eastern Ave NW
General Information
- Standard status
- Active
- Size
- 16,560 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1956
Listing agent Monique Anderson Walker, MSRE License #MD 35560
Listing office Fleur de Lis, LLC
Listing date Feb 3, 2023
Source Crexi
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
Overview
Silver Spring Mixed-Use Redevelopment Site
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.
Location Intelligence
Current Use by Public Records
Lance Bailey & associates ...
Design
King-13th Street Garage
Parking Lot & Garage
Hebret Mutual Aid ...
Association Or Organization
Lance Bailey & Associates
Architect
Location Insight
- Map
- Local Demand
- City
- Silver Spring
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.0299966
- Latitude
- 38.9875342
Nearby Similar for Sale
FAQs
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 Ave NW 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.
