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20516 Frederick Rd - Self-Storage Development Opportunity near DC

2.03 Acres of Commercial Land Offered at $7,374,570 CAD in Germantown, MD 20876

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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+ 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).

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Property Facts

Price	$7,374,570 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Mixed Use Multifamily Hospitality Apartment Units - Condo Community Centre Distribution Hold For Development Office Park Religious Facility
No. Lots	1	Total Lot Size	2.03 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$7,374,570 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily Hospitality Apartment Units - Condo Community Centre Distribution Hold For Development Office Park Religious Facility
Total Lot Size	2.03 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$7,374,570 CAD	Lot Size	2.03 AC
Price Per AC	$3,632,793 CAD

Price	$7,374,570 CAD
Price Per AC	$3,632,793 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.

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