900 Spring St - Commercial LAND FOR SALE


Silver Spring, MD 20910 23,522 SF
$6,000,000 USD
301-523-7191
900 Spring St, Silver Spring, MD for Sale
$6,000,000 USD
Commercial LAND - FOR SALE
1/7
23,522 SF

900 Spring St
Silver Spring, MD 20910


OVERVIEW

CPG Realty, LLC as exclusive representative to the Seller, is pleased to present 900 Spring Street (the “Property”) in Silver Spring, Maryland. The Property is 23,535 SF of vacant land that is prominently located in Downtown Silver Spring. The Property has frontage on both Spring Street and Ellsworth Drive and it is a ten-minute walk to the Silver Spring Transit Station (Metro, MARC, Metrobus, University of Maryland shuttle), a five-minute walk to the planned Purple Line Station at the Silver Spring Library, and a short walk to all of the employment, residential, shopping, dining, and entertainment amenities that Downtown Silver Spring has to offer. Given its outstanding location, 900 Spring Street is well suited for a multitude of uses including residential, retail, office, assisted living, medical, and many other by-right uses given the property’s flexible CR (Commercial Residential) zoning. The Property resides within the in-progress Silver Spring Downtown and Adjacent Communities Plan. The current CR zoning permits a by-right density of 5.0 FAR (200,010 SF based on gross tract area which includes 16,467 SF of prior dedications) and a 75’ height limit (which is recommended to be increased to 110’ in the new Sector Plan) for commercial, residential, or mixed-use development. Additional density can be purchased and/ or transferred to the Property in accordance with the Silver Spring Building Height Incentive Zone which can allow a height increase up to 150% above the existing mapped height limit.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/ACRE

$11,111,300/AC

PRICE/SF

$255 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.54 AC

LAND SF

23,522 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

-

APN/PARCEL ID

13-00973734,13-00973745,13-00973756,13-00973767,13-00984987

ASK ABOUT THIS PROPERTY

Mychael CohnCPG Realty, LLCMore Info
301-523-7191

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Mychael CohnCPG Realty, LLCMore Info
301-523-7191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.