1200 University Blvd, Silver Spring, MD 20902 | Off-Market

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Off-Market Call for Pricing

Call for Pricing
  • (0)
  • Units
  • Unknown Sq Ft
  • Unknown Sq Ft
  • Unknown Cap Rate

Description

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.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $3,000,000
Property Type Other
Usable Sqft Unknown
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1960
Last Sold Unknown
Sold Price Unknown
APN # 161301344398
MLS # MDMC2143982
Property ID 320756367
Lot Sqft Unknown
Zoning R60
Date Updated January 07, 2025
Date Created August 12, 2024

Financials not available online. Please inquire with your agent for more details.

Listing Provided By

Andrew John Genova an agent of . Lic #634174


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Data last updated: February 17, 2025.

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