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Mixed-Use Development Land Knowles Ave & Summit Ave 100 Unit Apartment Building For Sale Kensington, MD 20895
Executive Summary
Foreclosures: Mixed-use Development Land | 2 Offerings, Kensington, MD
4011 Knowles Avenue:
- Approved in 2023 for up to 106,102 square feet of development
- 84 multi-family units, 16 short term rental units and 16,000 sf of ground floor commercial space
4011 Knowles Avenue is a 32,991 sf parcel on the corner of Knowles and Summit Avenues in Kensington (Montgomery County) Maryland. The parcel, known as The Flats at Knowles Station, received amended approvals in May 2023 to construct 106,102 square feet of development consisting of 84 multi-family units, 16 short term rental units and 16,000 square feet of ground floor retail space. The plan includes both structured and surface parking for resident and retail use.
The approved site plan and architectural plans were obtained from the Montgomery County Department of Permitting Services website and are believed to be accurate but not guaranteed. Additional downloads include the Approved Amended Certified Site Plan (#82021003A) and Approved Amended Architectural Drawings.
Summit Avenue:
- Zoned Commercial Residential Neighborhood
- Currently configured as a parking lot
The Summit properties consist of 2 contiguous lots on the corner of Summit Avenue and Brainard Avenue in Kensington MD. The lots are each approximately 6,750 square feet for a total of 13,500 square feet. The lots are zoned CRN-1.5 C-1.5 R-1.5 H-45. The Commercial Residential Neighborhood zone is intended for pedestrian-scale, neighborhood-serving mixed-use centers and transitional edges. Retail tenant ground floor footprints are limited to preserve community scale.
Transit options may include light rail, Metro, and bus. See zoning regulations in the package for additional information. The lots are currently configured as a parking lot.
4011 Knowles Avenue:
- Approved in 2023 for up to 106,102 square feet of development
- 84 multi-family units, 16 short term rental units and 16,000 sf of ground floor commercial space
4011 Knowles Avenue is a 32,991 sf parcel on the corner of Knowles and Summit Avenues in Kensington (Montgomery County) Maryland. The parcel, known as The Flats at Knowles Station, received amended approvals in May 2023 to construct 106,102 square feet of development consisting of 84 multi-family units, 16 short term rental units and 16,000 square feet of ground floor retail space. The plan includes both structured and surface parking for resident and retail use.
The approved site plan and architectural plans were obtained from the Montgomery County Department of Permitting Services website and are believed to be accurate but not guaranteed. Additional downloads include the Approved Amended Certified Site Plan (#82021003A) and Approved Amended Architectural Drawings.
Summit Avenue:
- Zoned Commercial Residential Neighborhood
- Currently configured as a parking lot
The Summit properties consist of 2 contiguous lots on the corner of Summit Avenue and Brainard Avenue in Kensington MD. The lots are each approximately 6,750 square feet for a total of 13,500 square feet. The lots are zoned CRN-1.5 C-1.5 R-1.5 H-45. The Commercial Residential Neighborhood zone is intended for pedestrian-scale, neighborhood-serving mixed-use centers and transitional edges. Retail tenant ground floor footprints are limited to preserve community scale.
Transit options may include light rail, Metro, and bus. See zoning regulations in the package for additional information. The lots are currently configured as a parking lot.
Property Facts
| Sale Type | Investment | Lot Size | 0.49 AC |
| No. Units | 100 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 75,000 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2028 |
| Building Class | B | ||
| Zoning | CRT1 - Commercial Residential Zoning | ||
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.49 AC |
| Construction Status | Proposed |
| Building Size | 75,000 SF |
| No. Stories | 5 |
| Year Built | 2028 |
| Zoning | CRT1 - Commercial Residential Zoning |
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Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 13-01023917 | Improvements Assessment | $0 |
| Land Assessment | $1,740,267 | Total Assessment | $1,740,267 |
Property Taxes
Parcel Number
13-01023917
Land Assessment
$1,740,267
Improvements Assessment
$0
Total Assessment
$1,740,267
Contact
-
Linda Terry -
Tranzon Key
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Mixed-Use Development Land | Knowles Ave & Summit Ave
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