403 Diamond AveGaithersburg, MD 20877

This vacant 1,872 square foot storefront in downtown Gaithersburg, Maryland presents a unique redevelopment opportunity. Located on a 0.25-acre lot (APN 160902670784) with Fee Simple ownership, this Class D property is zoned CBD and offers significant potential. The asking price is $820,000 ($438.03/sq ft). Demolition permits are secured from the city and CSX, allowing for a fresh start. Extensive due diligence materials are available, including environmental studies, construction plans, stormwater management details, soil tests, a forest conservation plan, and a traffic flow assessment. The property's location is highly desirable, being 0.2 miles from the MARC Train Brunswick Line and 2.9 miles from a Metro station. Up to 20 parking spaces are potentially available. The building is not historically protected. Note that utilities have been disconnected and will require re-establishment. The seller may consider holding a first deed of trust under acceptable terms. This represents a rare chance to develop a landmark project in a thriving community. Safety warning: Do not enter the existing building.