20516 Frederick Rd - Self-Storage Development Opportunity near DC 2.03 Acres of Commercial Land Offered at $7,475,842 CAD in Germantown, MD 20876
INVESTMENT HIGHLIGHTS
- heavy traffic, intersection, commercial property, busy intersection
EXECUTIVE SUMMARY
Self-Storage Development Opportunity near Washington DC Area - Montgomery County
Development opportunity to develop ~120,000 to ~200,000 sq. ft. of self storage. Very healthy market - strong rates, high demand, low supply. More than ~50,000 vehicles/daily. More than ~300,000 residents in 3-mile radius. Proximity to retail and big box chains (Walmart, etc.).
The property is about 2.03 Acres (100x850’). It is currently used as Contractor’s Commercial Site and grandfathered as such. It has an Office Building, Garage, Storage & Shop Buildings. It is zoned as R-200/TDR-8, but being grandfathered and taxed by the county as Commercial.
As it is located next to the North-West corner of the Intersection of Rt. 355 (Frederick Rd) and Rt. 118 (Germantown Rd). It is on Frederick Road directly adjacent to (to its West) a Gas Station with Convenient Store (Washingtonian) located at the Conner of Frederick and Germantown Roads. It is also adjacent to Car-Wash and Burger King Restaurant; both are located on Germantown Road. On the other side of; to the East of the property there is a newly developed townhouses (22 unites) on Boland Manor Drive which currently opens to Frederick Rd (Rt. 355).
Development opportunity to develop ~120,000 to ~200,000 sq. ft. of self storage. Very healthy market - strong rates, high demand, low supply. More than ~50,000 vehicles/daily. More than ~300,000 residents in 3-mile radius. Proximity to retail and big box chains (Walmart, etc.).
The property is about 2.03 Acres (100x850’). It is currently used as Contractor’s Commercial Site and grandfathered as such. It has an Office Building, Garage, Storage & Shop Buildings. It is zoned as R-200/TDR-8, but being grandfathered and taxed by the county as Commercial.
As it is located next to the North-West corner of the Intersection of Rt. 355 (Frederick Rd) and Rt. 118 (Germantown Rd). It is on Frederick Road directly adjacent to (to its West) a Gas Station with Convenient Store (Washingtonian) located at the Conner of Frederick and Germantown Roads. It is also adjacent to Car-Wash and Burger King Restaurant; both are located on Germantown Road. On the other side of; to the East of the property there is a newly developed townhouses (22 unites) on Boland Manor Drive which currently opens to Frederick Rd (Rt. 355).
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $7,475,842 CAD |
| Price Per AC | $3,682,680.99 CAD |
| Lot Size | 2.03 AC |
The property is about 2.03 Acres (100x850’). It is currently used as Contractor’s Commercial Site and grandfathered as such. It has an Office Building, Garage, Storage & Shop Buildings. It is zoned as R-200/TDR-8, but being grandfathered commercial.
PROPERTY TAXES
| Parcel Number | 09-00796171 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,134,664 CAD |
ZONING
| Zoning Code | R-200 |
CONTACT
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Ibrahim M. Eshera - Argtec Inc
