CPG Realty, LLC, as exclusive representative to the Seller, is pleased to present Washington Square in Rockville, Maryland. The 2.17 acres (94,670 SF) of land is improved with a 25,296 SF office building demised into 35 office suites with a surface parking lot and a surplus surface parking lot in the rear of the Property. Prominently located, the Property has over 280’ of frontage on Hungerford Drive (MD-355) and is in close proximity to Rockville Town Center and Montgomery College providing quick access to many of the employment, residential, shopping, dining, and entertainment amenities that the City of Rockville has to offer.
Given its outstanding location, Washington Square is well suited for a multitude of uses including office, residential, retail, medical, and many other by-right uses for the property’s MXNC (Mixed-Use Neighborhood Commercial) zoning. The Property resides within the City of Rockville and its flexible MXNC zoning has development standards designed to maximize the property’s potential. Three conceptual plans have been provided for your information. The plans are primarily residential and should not preclude the potential retail, medical, educational, religious, or other uses on the Property.
The Property is 85% leased (not counting the surplus surface parking lot) and all of the leases have redevelopment clauses that allow for early termination. Copies of the pertinent financial information and leases will be provided upon execution of a Confidentiality and Non-Disclosure Agreement (CA/NDA). The Seller is open to both “as-is” offers and offers subject to approvals for this rare infill City of Rockville legacy asset with in-place income and significant development potential.