FIND ~ BUY ~ LIST ~ SELL ~ LEASE
Address
7635 Lindbergh Drive Gaithersburg, MD
Price
$ 4,500,000
Property Attributes
  • MLS#MDMC761802
  • TypeCommercial
  • CountyMONTGOMERY
  • CityGaithersburg
  • NeighborhoodAirpark
  • Zip20879
  • StyleAuto Related,Car Wash/Truck Wash,Cross Dock/Truck
  • Taxes$ 20430
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4.49 Acres
Listing Provided Courtesy Of:
CENTURY 21 Commercial New Millennium
Data Source:
Bright MLS - 382 - MD
Property Description

Opportunity to acquire 4.49 acres of commercial development land with frontage along Woodfield Road (Rt. 124), Lindbergh Drive and Airpark Road. Zoned IL (Light Industrial), this property offers a developer multiple office, commercial and industrial options for value-add development. The property is currently generating $9,000+ month from commercial truck and vehicle storage, with the potential to generate even higher revenue. Surrounding properties include well-established warehouse and office properties within the Montgomery County Airpark District. The property is adjacent to a bank branch, with a public road traversing the property, connecting Lindbergh Drive to Airpark Road. Plus, Rt. 200 and Rt 270 are close by, along with significant retail and employment centers, giving this property significant potential for long-term value enhancement. And with the Preserve at Rock Creek and the Shady Grove Metro Station, commercial development around the property is likely to continue. The by-right special-purpose options include religious, daycare and educational facilities, self-storage, car wash and a health club. Based upon a concept plan, a developer can use 2.44 acres for a Retail Site and 2.05 acres for a car wash site. Another concept plan details a proposed self-storage building along with a warehouse. Each of these uses would benefit from the visibility along Rt. 124 and the established ingress/egress between Lindbergh Drive and Airpark Drive. Electric, public water, and sewer are available. The property is within the Lindbergh Park Owners Association, and is comprised of two tax parcels – Lot 8 (01-02889573) and Lot 9 (01-02889584). While two separate parcels, the property is only being sold as one offering. Located in Floodplain X, so the property lies outside of the 500-year flood plain. The association fee is $1,200/per acre.

Price History
6/2/2021 Listed $4,500,000

General Features

Accessibility None
Business Type Auto Related, Car Wash/Truck Wash, Cross Dock/Truck Terminal, Day Care Facility, Flex, Health Club, Manufacturing, Medical, Other/General Retail, Pad Site, Parking Lot, Professional, Religious Facility
Construction Materials Other
Cool Fuel None
Cooling None
County MONTGOMERY
Days on Market 102
Heating None
Historic Y/N No
Lot Size Square Feet 195584.40
New Construction No
Ownership Fee Simple
Possession Settlement
Property SubType Land for Commercial Use
Property Type Commercial Sale
Property Use Investment
Sewer Public Hook/Up Avail
Subdivision Name AIRPARK
Tax Annual Amount 20430.0
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning IL
Zoning Description Zoned Light Industrial

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 0.00
Car Parking Spaces 50
Fencing Y/n Yes
Lot Features Corner, Level, Partly Wooded, Road Frontage, Subdivision Possible
Lot Size Acres 4.49
Lot Size Source Estimated
Navigable Water Y/N No
Total Parking Spaces 100
Type of Parking Parking Lot, On Street
Water Oriented Y/N No
Water Source Public Hook-up Available
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 20879

Price
AVG $650K
$4.5M
Taxes
AVG $5,904
$20,430
Visits
AVG 76
76
Walkscore
AVG 50
37
Data Provided by Walkscore ® not using MLS data

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