307 N Frederick Ave
Gaithersburg, MD 20877
Property For Lease

Building for Lease or Ground Lease Entire Property or Purchase Entire Property Corner Lot / Building 307 N. Frederick Avenue, Gaithersburg, Md. Total Land Size 23,790 s.f. total. 1) Lease Existing Building: $3,500 per month, NNN. 1,600 s.f. building. See floor plan of building. Currently a hair salon and ideal for similar uses, office, retail, medical, bank, etc. 2) Ground Lease $10,000 per month, NNN ground lease entire lot. One can lease the entire lot and redevelop the property. 3) Purchase Property $1,795,000 entire lot and building. Utilities: Water, sewer, gas and electric on site. Curb Cut: There is an existing curb cut along N. Frederick Ave. & Montgomery Avenue and access from the rear alley. Street Frontage: +/- 142 feet of frontage on N. Frederick Avenue and +/- 182 feet of frontage on Montgomery Avenue and +/- 138 feet along the 25-foot rear alley right of way. There are streets on 3 sides of this corner site. Zoning: City of Gaithersburg Zoning - CD (Corridor Development) Ideal for retail, restaurant, financial institution, office, medical and similar uses. Opportunity Zone: This site is designated an Opportunity Zone. This program encourages investors to re-invest capital gains to rebuild, invest and encourages new development. Historic District: This building is designated historic, however after meeting with City officials we believe if the intended use is approved by the neighborhood the City will remove this designation and allow the current structure to be demolished to allow new development. Location: Property is located in the City of Gaithersburg (Rt.355) at the corner of N. Frederick Ave. and Montgomery Avenue. This information was furnished to us by sources we deem to be reliable, but no warranty or representation is made as to the accuracy thereof. Subject to correction of errors, omissions changes of price, prior sale or withdrawal from the market without notice.