704 Russell Ave Gaithersburg, MD 20877
- Retail properties
- 1 SF
- 579.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 704 Russell Ave
- Lot size
- 579.00 lot acres
- Property size
- 1 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gaithersburg
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.2088
- Latitude
- 39.1528
