895 Quince Orchard RdGaithersburg, MD 20878

Property Details for 895 Quince Orchard Rd

Year built

1948

Construction

FRAME

Lot size

0.90 AC

Property size (Sq ft)

1,638 SF

Zone code

C2

Property type

Office buildings

APN

09-00770495

APU

900770495

Description

This exceptional commercial property, located at 895 Quince Orchard Road in Gaithersburg, Maryland, presents a unique investment opportunity. Situated on a 0.9-acre lot, the property is currently zoned C2 with existing uses allowing for a variety of business ventures. A key advantage is the availability of adjacent land currently used for parking, offering significant expansion potential. The current annexation permits two distinct development scenarios: a 2,000 square foot addition to the existing structure or the construction of a completely new 10,800 square foot building on one of the lots, with ample parking already in place. The high visibility of this location ensures significant exposure for any business. Furthermore, the city is prepared to annex and rezone the adjacent lot, further enhancing the development possibilities. This presents a rare chance to acquire a versatile commercial property with substantial growth potential in a thriving location. The property's flexibility and prime location make it ideal for a wide range of commercial uses. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The absence of a listed price reflects the unique nature of this opportunity and invites offers based on its considerable potential.

• CAP approach

  CAP return

  Valuation

  6%

  $406,480

  6.5%

  $375,213

  7%

  $348,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,030

  Geo Method

  $327,502

• Alternative Use

  Use

  Valuation

  Residential

  $465,264

  Hospitality

  $426,179

  Educational

  $354,576

  Medical

  $366,770

  Retail

  $551,562

Location Insight

City

Gaithersburg

County

Montgomery

State

Maryland

Latitude

39.1311

Longitude

-77.2255

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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