Active

1200 University Blvd W

Silver Spring MD, 20902

$3,000,000


$177.76 per sqft

Active

16,877 sqft

Commercial

Built in 1960

Call for OFFERS DUE 8/15/2024. Asking price listed is acting as a placeholder as there is no "asking price" as the price will be determined based on best offer submitted.

Once in a generation opportunity to own or participate in the future of this irreplaceable piece of land of 7.03 +- acres within the Kemp Mill Master Plan and University Boulevard Corridor Plan immediately next to Sligo Creek Parkway.

There is currently a school (approx. 10 classrooms and two large auditorium spaces) and church building (seating for approx. 150) that exists and can be activated for those uses along with outdoor playground and two parking lots.

Current zoning is R-60, but can potentially be reimagined and enhanced, especially if in alignment to what the Kemp Mill Master Plan University Boulevard Corridor Plan expressed an interest in having. These plans could present a buyer with the opportunity for a rezoning, up-zoning, special exception, etc so long as it aligns with what the master plan calls (linkage between local facilities, and/or a facility that facilitates social cohesion.

The site is surrounding by forestry but offers favorable and close proximity to public transit (bus lines, metro line - red), equidistant of approximately 31 miles south or east of Baltimore/Washington International Airport and Dulles International Airport respectively, and only 15 miles to Ronald Reagan Washington National Airport.

The seller is most interested in offers that include a plan to incorporate them into the redevelopment of the site for a period of time.

NOTE THAT INFORMATION INCUDED IN THIS LISTING IS NOTED AS "OTHER" AS THIS IS AN AS-IS, WHERE-IS and all services need to be verified by the buyer.

MDMC2143982

MLS ID

August 13, 2024

Listed

October 16, 2024

Updated

Map

1200 University Blvd W
Silver Spring MD, 20902

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes

Exterior/Building Features

Sewer

Public Sewer

Other Property Details

Taxes

$2,239


Tax Frequency

Annually


Days on Market

65


Garage

No


Parking Total

65


View

No


County

MONTGOMERY


Pool

No

Listed by Foundry Commercial, LLC
Listing Contact: 3015128298 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/16/2024 at 2:50 PM UTC

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