913 Olney Sandy Spring Rd - Office/Residential FOR SALE


Sandy Spring, MD 20860
$1,300,000 USD
571-230-5456
913 Olney Sandy Spring Rd, Sandy Spring, MD for Sale
$1,300,000 USD
Office/Residential - FOR SALE
1/41
null | Request Cap Rate

913 Olney Sandy Spring Rd
Sandy Spring, MD 20860


HIGHLIGHTS

  • Mixed Use redevelopment up to 30,950 sqft with by right .75 FAR ratio
  • Great area for business with 17,000 daily passerby
  • Great visibility and high income demographic with household income average at $151,000 within a 3 mile radius.

OVERVIEW

Redevelopment Opportunity: CRN Zoning Mixed used commercial and residential opportunity. Ability to build up to 31,000 sqft and go up to a 45 ft height. This allows for single family, townhouse, condo/apartment complex development up to 31K sqft or a 10,000 sqft standalone commercial building. Best and highest use allowed is a mixed use development with ground level commercial and residential condos or apartments above. Uses allowed by right: Townhouse, Multifamily, Mixed use 1st floor commercial with residential above, Church/Religious purpose, Adult nursing or group home, non-profit center, daycare, medical practice or clinic, office, retail, Artisan manufacturing and production Great area for business with 17,000 daily passerby. Great visibility and high income demographic with household income average at $151,000 within a 3 mile radius. Summary: .99 acres/41,266 Sqft Intersection of Olney Sandy Spring rd and Brooke Rd Road frontage 230 ft on Olney Sandy Spring Rd and 264 on Brooke Rd Commercial Residential Neighborhood Zoning (CRN) Mixed Use redevelopment up to 30,950 sqft with by right .75 FAR ratio 25% Commercial use and 75% residential use 45 Ft height limit allowing for 4 story building

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$634 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Day Care Center, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

CRN

APN/PARCEL ID

08-00714604

ASK ABOUT THIS PROPERTY

Khaled AlhajbehSRG CommercialMore Info
571-230-5456

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Khaled AlhajbehSRG CommercialMore Info
571-230-5456

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