Remarks

Redevelopment Opportunity: CRN Zoning Mixed used commercial and residential opportunity. Ability to build up to 31,000 sqft and go up to a 45 ft height. This allows for single family, townhouse, condo/apartment complex development up to 31K sqft or a 10,000 sqft standalone commercial building. Best and highest use allowed is a mixed use development with ground level commercial and residential condos or apartments above.

Uses allowed by right: Townhouse, Multifamily, Mixed use 1st floor commercial with residential above, Church/Religious purpose, Adult nursing or group home, non-profit center, daycare, medical practice or clinic, office, retail, Artisan manufacturing and production

Great area for business with 17,000 daily passerby. Great visibility and high income demographic with household income average at $151,000 within a 3 mile radius.

Summary:

.99 acres/41,266 Sqft

Intersection of Olney Sandy Spring rd and Brooke Rd

Road frontage 230 ft on Olney Sandy Spring Rd and 264 on Brooke Rd

Commercial Residential Neighborhood Zoning (CRN)

Mixed Use redevelopment up to 30,950 sqft with by right .75 FAR ratio

25% Commercial use and 75% residential use

45 Ft height limit allowing for 4 story building

Details

MLS#: MDMC2103038
Price: $1,300,000

Year Built: 1899

County: MONTGOMERY
Tax Fee: 8036.0