7961 EASTERN AVE Silver Spring, MD 20910
6,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Silver Spring
MLS Listing ID MDMC2130998
Year Built 1956
Annual Tax Amount $31,891
Tax Year 2024
Lot Size 6,000 Sqft
Acres 0.14
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Purchase an office building in a newly up-zoned Commercial Residential Zone, in close proximity to Metro rail and Metro bus on well-traveled Eastern Avenue bordering Washington, DC. Property sits in a Priority Funding Area and benefits from recent expansion of uses per 2022 Amended Comprehensive Plan through the Silver Spring Downtown and Adjacent Comprehensive Plan. The amended plan allows for a 4 FAR or 24, 000 SQFT building potential. The building is currently 16,000+/- SQFT. Additionally, approved Zoning Code Amendments make this location ripe for repositioning or redevelopment. Approved transit and roadway improvements are value-ads, as they will allow for greater connectivity throughout the 8 distinct districts making up Downtown Silver Spring. Moreover, environmentally and security-focused design on the multi-modal trails/paths and roadways have an emphasis on storm water management and cooling roadways mechanism like right of way rain gardens, and expansion of tree canopy on pedestrian connector roads, sidewalks and roadways.
Recently passed Montgomery County legislation will allow greater density in the split-zoned (CR-3, C-3, R-3, and H-125) location. Proximity to the abutting Kennett Street Garage & Parking Lot opens up opportunity for multiple redevelopment possibilities to include:
Institutional Uses
Residential
Health
Education
Philanthropic
Cultural
Charitable
Specialty Uses
Family Day Care Hospital Educational Private Club/Service Organization Religious Assembly
Restaurant Hotel/Motel Dental Labs Research and Development (R&D) Health Club Radio Facility
Location
State MD
County Montgomery
Zoning CR3.0
Interior
Hot Water 60+ Gallon Tank, Natural Gas
Heating Other
Cooling Central A/C
Flooring Concrete, Slate, Stone
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat,Rubber
Accessibility 48\"+ Halls
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Montgomery County Public Schools
Others
Tax ID 161301040400
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 9
Murch Elementary School
Public | PK - 5
- 9
Lafayette Elementary School
Public | PK - 5
- 9
Shepherd Elementary School
Public | PK - 5
- 8
North Chevy Chase Elementary School
Public | 3 - 6
- 8
Latin America Montessori Bilingual Lamb Public Charter School
Public | PK - 5
- 8
West Education Campus
Public | EE - 5
- 8
Truesdell Education Campus
Public | EE - 5
- 8
Barnard Elementary School
Public | EE - 5
- 8
Washington Latin Public Charter School Middle School
Public | 5 - 8
- 7
Center City Brightwood Campus Public Charter School
Public | PK - 8
- 7
Whittier Education Campus
Public | EE - 5
- 6
Oakland Terrace Elementary School
Public | PK - 5
- 6
Woodlin Elementary School
Public | KG - 5
- 6
Brightwood Education Campus
Public | EE - 5
- 6
Center City Petworth Campus Public Charter School
Public | PK - 8
- 6
Sligo Creek Elementary School
Public | KG - 5
- 6
Capital City Lower Public Charter School
Public | PK - 4
- 6
Piney Branch Elementary School
Public | 3 - 5
- 6
Hope Community Public Charter School Lamond Campus
Public | PK - 6
- 6
Pine Crest Elementary School
Public | 3 - 5
- 9
Deal Middle School
Public | 6 - 8
- 9
Takoma Park Middle School
Public | 6 - 8
- 7
Eastern Middle School
Public | 6 - 8
- 6
Silver Spring International Middle School
Public | 6 - 8
- 5
Sligo Middle School
Public | 6 - 8
- 5
Paul Public Charter School Middle School
Public | 6 - 8
- 4
Francis Scott Key Middle School
Public | 6 - 8
- 0
Edmund Burke School
Private | 6 - 12
- 0
Yeshiva of Greater Washington Girls Division
Private | 7 - 12
- 0
Parkmont School
Private | 6 - 12
- 0
MacFarland Middle School
Public | 6 - 8
- 0
San Miguel School
Private | 6 - 8
- 0
San Miguel School
Private | 6 - 8
- 0
New North Middle School
Public | 6 - 8
- 0
National Children's Center
Private | 6 - 12
- 0
Kirov Academy of Ballet of Washington D.C.
Private | 7 - 12
- 10
Washington Latin Public Charter School Upper School
Public | 9 - 12
- 7
E L Haynes Public Charter School Kansas Ave High School
Public | 9 - 11
- 6
Montgomery Blair High School
Public | 9 - 12
- 4
Coolidge High School
Public | 9 - 12
- 2
Roosevelt High School
Public | 9 - 12
- 0
St Johns College High School
Private | 9 - 12
- 0
The Nora School
Private | 9 - 12
- 0
Paul Public Charter School International High School
Public | 9 - 10
- 0
Capital City High School Public Charter School
Public | 9 - 12
- 0
Takoma Academy
Private | 9 - 12
- 0
Don Bosco Cristo Rey High School
Private | 9 - 12
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