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12817 Georgia Ave 0.54 Acres of Residential Land Offered at $1,500,000 in Silver Spring, MD 20906
Investment Highlights
- Optional method now offer potential for significant increase in development density from standard R-90 - prominent Georgia Avenue frontage steps METRO
Executive Summary
Infill townhouse development opportunity along the Georgia Avenue boulevard corridor in Silver Spring, MD, consisting of two contiguous R-90 parcels totaling approximately 38,000 SF (about 33,600 SF net). The site is ideally suited to the new Workforce Housing Optional Method and, under a preferred consolidated-lot scenario, can reasonably support an estimated 12–13 three-story, rear-loaded townhome lots (including required workforce housing units), subject to County approvals. Located near transit, employment, and retail amenities, this moderately scaled program offers a rare, actionable path to fee-simple workforce housing in Montgomery County.
Property Facts
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 0.54 AC |
| Price Per AC | $2,803,738.32 |
| Price | $1,500,000 |
| Price Per AC | $2,803,738.32 |
| Lot Size | 0.54 AC |
Infill townhouse development opportunity along the Georgia Avenue boulevard corridor in Silver Spring, MD, consisting of two contiguous R-90 parcels totaling approximately 38,000 SF - walking distance (approximately 0.4 miles) from Glenmont METRO.
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Fairly walkable
50/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13-00981222 | Improvements Assessment | $0 |
| Land Assessment | $201,300 | Total Assessment | $201,300 |
Property Taxes
Parcel Number
13-00981222
Land Assessment
$201,300
Improvements Assessment
$0
Total Assessment
$201,300
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12817 Georgia Ave
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