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INVESTMENT HIGHLIGHTS
- Freestanding office building with full basement and garage
- Rear ramp for step-free access and ADA convenience
- One block to MARC train station, dining, and retail amenities
- Updated systems: electrical, plumbing, HVAC under 7 years old
- Private lot parking plus adjacent public garage with 692 spaces
EXECUTIVE SUMMARY
Positioned in the heart of Gaithersburg’s vibrant Olde Towne district, 7 Park Avenue presents a rare opportunity to acquire a freestanding office building with exceptional accessibility and charm. This two-story property offers approximately 2,161 square feet of rentable office space, complemented by a full basement with a separate exterior entrance—ideal for storage, expansion, or specialized use. The building’s systems, including electrical, plumbing, HVAC, and heating, have all been updated within the last seven years, ensuring operational efficiency and reduced capital expenditures for the next owner.
A standout feature is the freestanding two-car garage, perfect for secure parking or equipment storage. The rear ramp provides step-free access, enhancing ADA compliance and convenience. Private lot parking is available behind the building, and a public garage with 692 spaces is located just steps away across E. Diamond Avenue. The property is one block from the MARC train station and surrounded by a variety of restaurants and retail options, making it highly attractive for professional services, medical, or boutique office users.
With a lot size of 9,640 square feet, this site offers flexibility for future enhancements or redevelopment. Whether for owner-occupancy or as a strategic investment, 7 Park Avenue delivers location, functionality, and long-term value in one of Montgomery County’s most walkable and transit-connected submarkets.
A standout feature is the freestanding two-car garage, perfect for secure parking or equipment storage. The rear ramp provides step-free access, enhancing ADA compliance and convenience. Private lot parking is available behind the building, and a public garage with 692 spaces is located just steps away across E. Diamond Avenue. The property is one block from the MARC train station and surrounded by a variety of restaurants and retail options, making it highly attractive for professional services, medical, or boutique office users.
With a lot size of 9,640 square feet, this site offers flexibility for future enhancements or redevelopment. Whether for owner-occupancy or as a strategic investment, 7 Park Avenue delivers location, functionality, and long-term value in one of Montgomery County’s most walkable and transit-connected submarkets.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,161 SF
Building Class
C
Year Built
1927
Price
$750,000
Price Per SF
$347.06
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,081 SF
Slab To Slab
9’
Building FAR
0.23
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
C2 - is intended to foster revitalization by promoting a desirable mix of commercial, office and residential uses
Parking
7 Spaces (3.24 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 09-00843193 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $689,667 |
PROPERTY TAXES
Parcel Number
09-00843193
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$689,667
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