900 Spring St 0.54 Acres of Commercial Land Offered at $5,000,000 in Silver Spring, MD 20910

CPG Realty, LLC as exclusive representative to the Seller, is pleased to present 900 Spring Street (the “Property”) in Silver Spring, Maryland. The Property is 23,535 SF of vacant land that is prominently located in Downtown Silver Spring. The Property has frontage on both Spring Street and Ellsworth Drive and it is a ten-minute walk to the Silver Spring Transit Station (Metro, MARC, Metrobus, University of Maryland shuttle), a five-minute walk to the planned Purple Line Station at the Silver Spring Library, and a short walk to all of the employment, residential, shopping, dining, and entertainment amenities that Downtown Silver Spring has to offer.
Given its outstanding location, 900 Spring Street is well suited for a multitude of uses including residential, retail, office, assisted living, medical, and many other by-right uses given the property’s flexible CR (Commercial Residential) zoning. The Property resides within the in-progress Silver Spring Downtown and Adjacent Communities Plan. The current CR zoning permits a by-right density of 5.0 FAR (200,010 SF based on gross tract area which includes 16,467 SF of prior dedications) and a 75’ height limit (which is recommended to be increased to 110’ in the new Sector Plan) for commercial, residential, or mixed-use development. Additional density can be purchased and/ or transferred to the Property in accordance with the Silver Spring Building Height Incentive Zone which can allow a height increase up to 150% above the existing mapped height limit.