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7635 Lindbergh DrGaithersburg, MD 20879Price: $4,500,000

  • Price: $4,500,000
  • 147 Days on Market
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
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  • $4,500,000List Price
  • 4.49Acreage

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Listed by Omar Aizaz and Stephen M Karbelk of CENTURY 21 Commercial New Millennium
Opportunity to acquire 4.49 acres of commercial development land with frontage along Woodfield Road (Rt. 124),Lindbergh Drive and Airpark Road. Zoned IL (Light Industrial),this property offers a developer multiple office,commercial and industrial options for value-add development. The property is currently generating $9,000+ month from commercial truck and vehicle storage,with the potential to generate even higher revenue. Surrounding properties include well-established warehouse and office properties within the Montgomery County Airpark District. The property is adjacent to a bank branch,with a public road traversing the property,connecting Lindbergh Drive to Airpark Road. Plus,Rt. 200 and Rt 270 are close by,along with significant retail and employment centers,giving this property significant potential for long-term value enhancement. And with the Preserve at Rock Creek and the Shady Grove Metro Station,commercial development around the property is likely to continue. The by-right special-purpose options include religious,daycare and educational facilities,self-storage,car wash and a health club. Based upon a concept plan,a developer can use 2.44 acres for a Retail Site and 2.05 acres for a car wash site. Another concept plan details a proposed self-storage building along with a warehouse. Each of these uses would benefit from the visibility along Rt. 124 and the established ingress/egress between Lindbergh Drive and Airpark Drive. Electric,public water,and sewer are available. The property is within the Lindbergh Park Owners Association,and is comprised of two tax parcels - Lot 8 (01-02889573) and Lot 9 (01-02889584). While two separate parcels,the property is only being sold as one offering. Located in Floodplain X,so the property lies outside of the 500-year flood plain. The association fee is $1,200/per acre.

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