106 Summit Ave Gaithersburg, MD 20877
- Commercial real estate
- 17,678 SF
- 0.41 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 106 Summit Ave
- Year built
- 2007
- Lot size
- 0.41 lot acres
- Property size
- 17,678 SF
- Property type
- Commercial real estate
Description
This exceptional 17,678 square foot commercial property presents a unique investment opportunity in the heart of Gaithersburg, Maryland. Situated on a 0.41-acre lot at the corner of North Summit Avenue and Lee Street, this site boasts a highly desirable Central Business District (CBD) zoning designation from the City of Gaithersburg. This zoning allows for a variety of development options, including townhome construction, retail establishments, or office space, providing significant flexibility for the discerning investor. The property's strategic location offers unparalleled convenience, with easy access to major transportation arteries such as I-270 and Route 355, ensuring excellent connectivity for residents and employees. Furthermore, its proximity to the vibrant Old Towne Gaithersburg district provides immediate access to a thriving shopping and restaurant scene, enhancing the property's appeal and potential for success. The substantial lot size, combined with the advantageous zoning and prime location, makes this an exceptional opportunity for developers seeking a high-impact project in a rapidly growing area. The property's corner location provides excellent visibility and accessibility, further enhancing its development potential. This is a rare chance to acquire a significant parcel in a sought-after location with a wide range of development possibilities. The asking price is $775,000.
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
- -77.19289
- Latitude
- 39.14478
