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1200 University Blvd W - Prime Redevelopment Opportunity 7.03 Acres of Commercial Land in Silver Spring, MD 20902
INVESTMENT HIGHLIGHTS
- 700± feet of frontage on University Boulevard West and 900± feet of frontage on Sligo Creek Parkway
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 7.03 AC |
| Lot Size | 7.03 AC |
Once in a generation opportunity to own or participate in the future of this irreplaceable piece of land of 7.03 ± acres within the Kemp Mill Master Plan and University Boulevard Corridor Plan immediately next to Sligo Creek Parkway.
DESCRIPTION
Foundry Commercial is pleased to offer this premier property and land opportunity in the heart of Wheaton, MD and the Greater Silver Spring area of MD perfect for redevelopment, owner occupancy or a unique hybrid of the two. The site is located in the middle of multifamily developments, single family housing, nursing home/care, outdoor public facilities and directly connected to Sligo Creek Parkway and walking trail. The site sits strategically along University Boulevard (daily traffic count of 23,166 cars) that is used by commuters to and from 495/North Silver Spring and Wheaton, the retail corridors, and access to Colesville Road. The site is part of the University Boulevard Corridor Plan that offers flexible and improved uses for the land and overall site compared to the current zoning. The access is unmatched with frontage on University Blvd and Sligo Creek Pkwy with a quick trip to I-495, Georgia Avenue, and Colesville Road (all about 3-7 mins away). Other nearby amenities include Westfield Wheaton (6 minutes away), Holy Cross Hospital (5 minutes away), Sligo Creek Golf Course (6 minutes away), and Wheaton Regional Park (9 minutes away).The site is surrounding by forestry but offers favorable and close proximity to public transit (bus lines, metro line – red), equidistant of approximately 31 miles south or east of Baltimore-Washington International Airport and Dulles International Airport respectively, and only 15 miles to Ronald Reagan Washington National Airport.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $58,500 | Total Assessment | $17,870,867 |
PROPERTY TAXES
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1200 University Blvd W - Prime Redevelopment Opportunity
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