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Listed by J. Larry Galey • RE/MAX Realty Centre, Inc.

$2,950,000

Est. payment - /mo

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1.36 Acres Lot

Active

13-15 E DEER PARK E Gaithersburg, MD 20877

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Deer Park

MLS Listing ID MDMC2228642

Year Built 1970

Annual Tax Amount $37,595

Tax Year 2026

Lot Size 1.365 Acres

Acres 1.36

Property Sub-Type Office

Source BRIGHT

Property Description

Deer Park's three-building campus presents a rare and compelling development opportunity, RB zoning offer a unique range of permitted uses. Specifically this zoning allows foradaptive reuse and a maximum building footprint of 17,847 square feet (30% of the site).

A new two-over-two condominium community located within one block of the property is currently selling units starting at $600,000. Subject to City of Gaithersburg approval, the East Deer Park campus has the potential to yield up to 34 similar two-over-two condominium units.

The property is currently approximately 60% leased and is projected to reach 80% occupancy within the next 60 days. This asset offers strong appeal to income-focused investors seeking a buy-and-hold opportunity or a stable cash-flow investment.

The campus enjoys excellent proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. It also benefits from prominent marketing exposure along North Frederick Avenue, with high traffic volumes and exceptional curb visibility.

Location

State MD

County Montgomery

Zoning RB

Interior

Hot Water Electric

Heating Forced Air, Heat Pump(s)

Cooling Central A/C, Heat Pump(s)

Flooring Fully Carpeted

Heat Source Electric

Exterior

Garage Spaces 50.0

Water Access N

Roof Type Composite

Street Surface Black Top

Accessibility None

Road Frontage City/County

Total Parking Spaces 50

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Gaithersburg

School District Montgomery County Public Schools

Others

Tax ID 160903122978

Ownership Fee Simple

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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13-15 E DEER PARK E Gaithersburg, MD 20877

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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13-15 E DEER PARK E