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).