13-15 E Deer Park E
Gaithersburg,
MD
20877
J. Larry Galey with RE/MAX Realty Centre, Inc. - (301) 774-5900
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Property Details
| List Price: |
$2,950,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
0 Square Feet |
| Agency: |
RE/MAX Realty Centre, Inc. |
| Agency Phone: |
(301) 774-5900 |
Description/Comments
| Lot Size: |
1 acre(s) |
| Property Type: |
Other-Office |
| Year Built: |
1970 |
| Notes: |
Deer Park's three-building campus presents a rare and compelling development opportunity, RB zoning offer a unique range of permitted uses. Specifically this zoning allows foradaptive reuse and a maximum building footprint of 17,847 square feet (30% of the site). A new two-over-two condominium community located within one block of the property is currently selling units starting at $600,000. Subject to City of Gaithersburg approval, the East Deer Park campus has the potential to yield up to 34 similar two-over-two condominium units. The property is currently approximately 60% leased and is projected to reach 80% occupancy within the next 60 days. This asset offers strong appeal to income-focused investors seeking a buy-and-hold opportunity or a stable cash-flow investment. The campus enjoys excellent proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. It also benefits from prominent marketing exposure along North Frederick Avenue, with high traffic volumes and exceptional curb visibility. |
| MlsNumber: |
-- |
| ListingId: |
MDMC2228642 |
Estimate Your Monthly Payment
| Listing Provided By: |
RE/MAX Realty Centre, Inc. |
| Phone: |
(240) 277-1565 |
| Office Phone: |
(301) 774-5900 |
| Agent Name: |
J. Larry Galey |
| Disclaimer: |
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
