For Sale
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Property summary
This exceptional 3.44-acre commercial land parcel is situated at 12201 Old Columbia Pike in Silver Spring, Montgomery County, Maryland, zip code 20904. Zoned CR, this property presents a unique development or user opportunity within the highly desirable Washington, DC metropolitan area. The site previously housed a 14,734 square foot flex office building, redeveloped in 2013 for automotive inspections and claims office use. The current owner will require a short-term, 12-month sale-leaseback agreement upon sale, with an option for early termination. Importantly, the seller will be solely responsible for all operating costs during this leaseback period. This infill location offers excellent access to major transportation arteries and a thriving business community. The property's size and zoning provide considerable flexibility for a variety of commercial development projects. This is a rare chance to acquire a substantial land holding in a strategically important area of the DC Metro region. The property's location offers easy access to major roadways and a robust infrastructure. The sale-leaseback arrangement provides a unique opportunity for immediate income generation while allowing for future development plans. This presents a compelling investment opportunity for developers and businesses seeking a strategic foothold in the dynamic Silver Spring market.
Property profile
VerifiedCap rate & NOI
Current use
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Financial Advisor Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CR0.7 · Silver Spring, MDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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