913 Olney Sandy Spring Rd
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913 Olney Sandy Spring Rd
2,052 SF Office Building Sandy Spring, MD 20860 $1,300,000 ($634/SF)
Investment Highlights
- Mixed Use redevelopment up to 30,950 sqft with by right .75 FAR ratio
- Great visibility and high income demographic with household income average at $151,000 within a 3 mile radius.
- Great area for business with 17,000 daily passerby
Executive Summary
Redevelopment Opportunity: CRN Zoning Mixed used commercial and residential opportunity. Ability to build up to 31,000 sqft and go up to a 45 ft height. This allows for single family, townhouse, condo/apartment complex development up to 31K sqft or a 10,000 sqft standalone commercial building. Best and highest use allowed is a mixed use development with ground level commercial and residential condos or apartments above.
Uses allowed by right: Townhouse, Multifamily, Mixed use 1st floor commercial with residential above, Church/Religious purpose, Adult nursing or group home, non-profit center, daycare, medical practice or clinic, office, retail, Artisan manufacturing and production
Great area for business with 17,000 daily passerby. Great visibility and high income demographic with household income average at $151,000 within a 3 mile radius.
Summary:
.99 acres/41,266 Sqft
Intersection of Olney Sandy Spring rd and Brooke Rd
Road frontage 230 ft on Olney Sandy Spring Rd and 264 on Brooke Rd
Commercial Residential Neighborhood Zoning (CRN)
Mixed Use redevelopment up to 30,950 sqft with by right .75 FAR ratio
25% Commercial use and 75% residential use
45 Ft height limit allowing for 4 story building
Uses allowed by right: Townhouse, Multifamily, Mixed use 1st floor commercial with residential above, Church/Religious purpose, Adult nursing or group home, non-profit center, daycare, medical practice or clinic, office, retail, Artisan manufacturing and production
Great area for business with 17,000 daily passerby. Great visibility and high income demographic with household income average at $151,000 within a 3 mile radius.
Summary:
.99 acres/41,266 Sqft
Intersection of Olney Sandy Spring rd and Brooke Rd
Road frontage 230 ft on Olney Sandy Spring Rd and 264 on Brooke Rd
Commercial Residential Neighborhood Zoning (CRN)
Mixed Use redevelopment up to 30,950 sqft with by right .75 FAR ratio
25% Commercial use and 75% residential use
45 Ft height limit allowing for 4 story building
Data Room Click Here to Access
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$30,000
|
$14.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,000
|
$14.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1
|
$0.00
|
| Net Operating Income |
$29,999
|
$14.62
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $14.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $14.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1 |
| Annual Per SF | $0.00 |
| Net Operating Income | |
|---|---|
| Annual | $29,999 |
| Annual Per SF | $14.62 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
2,052 SF
Building Class
C
Year Built
1899
Price
$1,300,000
Price Per SF
$634
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,026 SF
Building FAR
0.05
Lot Size
0.90 AC
Zoning
CRN - CRN Zoning: Commercial Residential mixed use zoning that provides a transition from full residential to commercial.
Parking
20 Spaces (9.75 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 08-00714604 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $626,133 (2024) |
PROPERTY TAXES
Parcel Number
08-00714604
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$626,133 (2024)
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913 Olney Sandy Spring Rd
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