Prime Development Parcel | Adjacent to I-270 | Redland Rd
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Prime Development Parcel | Adjacent to I-270 Redland Rd
2.09 Acres of Commercial Land Online Auction Sale Rockville, MD 20850
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Investment Highlights
- Unique 2.09-acre lot positioned directly along I-270 off Exit 8 with unmissable visibility in Rockville, Maryland, part of the Washington, DC, MSA.
- Rare opportunity to acquire exceptionally located acreage with MXE (Mixed-Use Employment) zoning, allowing numerous business uses at the site.
- Conveniently sited 3.5 miles from the Shady Grove metro station and less than 2 miles from the Adventist HealthCare Shady Grove Medical Hospital.
- Strategically situated within a heavily trafficked corridor front and center to 206,882 VPD and encircled by a melting pot of highly rated businesses.
- Lucratively located within a 2-mile radius of reputable retailers, hotels, and eateries including the Sheraton, Target, Ruth Chris, Safeway, and more.
- Preferably surrounded by a dense population of 778,149 residents within a 10-mile radius making an average household income of about $150,000.
Executive Summary
One-of-a-kind parcel prominently situated with pronounced visibility on major thoroughfare Interstate 270, seeing over 206,800 vehicles per day in Rockville, Maryland. Advantageously located within Washington, DC’s resilient metropolitan area, this 2.09-acre lot at Redland Road boasts sought-after MXE, Mixed-Use Employment zoning. This flexible zoning serves as a developer’s dream as it permits a multitude of uses including hotels, restaurants, offices, retail, an indoor entertainment establishment, adult daycare, private education facility, medical or dental laboratory, and many more.
This valuable acreage at Redland Road benefits from its extremely convenient accessibility within a heavily trafficked corridor encompassed by numerous amenities. Exceptionally positioned within a 2-mile radius are noteworthy retailers, hotels, and eatery options that attract visitors and locals to the area. Reputable retailers and eateries include Target, Trader Joe’s, Ruth Chris Steakhouse, Safeway, Dunkin’, Chick-fil-A, Cooper’s Hawk, Aldi, Giant Food, Wawa, McDonald’s, and more. Nearby lodging opportunities include Courtyard, Residence Inn, Marriott, SpringHill Suites, Extended Stay America, and the adjacent Sheraton Hotel. Less than 2 miles away are the Adventist HealthCare Shady Grove Medical Hospital and John Hopkins University – Montgomery County Campus, both surrounded by several medical offices.
This parcel along Interstate 270 is favorably located 3.5 miles from the Shady Grove metro station allowing for seamless connectivity without the need for visitors or residents to own or rent a car. Ideally encircling the land is also a dense population of more than 778,000 residents within a 10-mile radius who produce a generous average household income of about $150,000 and have a significant spending power of nearly $11.4 billion annually. These nearby residents are combined with a robust daytime employment of 393,470 employees who may also choose to shop, stay, or play in the area.
Don’t miss the chance to acquire this remarkable acreage primed for development. This site is ready for a new business to come into town featuring spectacular frontage in a booming corridor to envy.
This valuable acreage at Redland Road benefits from its extremely convenient accessibility within a heavily trafficked corridor encompassed by numerous amenities. Exceptionally positioned within a 2-mile radius are noteworthy retailers, hotels, and eatery options that attract visitors and locals to the area. Reputable retailers and eateries include Target, Trader Joe’s, Ruth Chris Steakhouse, Safeway, Dunkin’, Chick-fil-A, Cooper’s Hawk, Aldi, Giant Food, Wawa, McDonald’s, and more. Nearby lodging opportunities include Courtyard, Residence Inn, Marriott, SpringHill Suites, Extended Stay America, and the adjacent Sheraton Hotel. Less than 2 miles away are the Adventist HealthCare Shady Grove Medical Hospital and John Hopkins University – Montgomery County Campus, both surrounded by several medical offices.
This parcel along Interstate 270 is favorably located 3.5 miles from the Shady Grove metro station allowing for seamless connectivity without the need for visitors or residents to own or rent a car. Ideally encircling the land is also a dense population of more than 778,000 residents within a 10-mile radius who produce a generous average household income of about $150,000 and have a significant spending power of nearly $11.4 billion annually. These nearby residents are combined with a robust daytime employment of 393,470 employees who may also choose to shop, stay, or play in the area.
Don’t miss the chance to acquire this remarkable acreage primed for development. This site is ready for a new business to come into town featuring spectacular frontage in a booming corridor to envy.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financial Statements
- Purchase Agreement
- Title and Insurance
Property Facts
| Property Type | Land | Total Lot Size | 2.09 AC |
| Property Subtype | Commercial | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 2.09 AC |
| Sale Conditions | Auction Sale |
1 Lot Available
Lot
| Lot Size | 2.09 AC |
| Lot Size | 2.09 AC |
PROPERTY TAXES
| Parcel Number | 04-00773055 | Improvements Assessment | $0 |
| Land Assessment | $1,300,967 | Total Assessment | $1,300,967 |
PROPERTY TAXES
Parcel Number
04-00773055
Land Assessment
$1,300,967
Improvements Assessment
$0
Total Assessment
$1,300,967
zoning
| Zoning Code | MXE |
| MXE |
Sale Advisor
Sale Advisor
Greg Marks, Development Associate
(301) 537-4113
Contact
Gregory joined Transwestern in 2020 as part of the Washington Capital Markets team. In his role as Senior Associate, Gregory is focused on both the leasing and purchasing of industrial projects in the Washington, D.C. market. Gregory is a highly driven individual who uses his real estate background and knowledge of the market to provide invaluable insights to meet client needs.PROFESSIONAL AFFILIATION / RECOGNITION Prior to joining Transwestern, Gregory worked at Perseus Realty for four years as a Development Manager. In this position he was responsible for supporting the day-to-day activities of the development team while assisting in the firm’s acquisition activity. While at Perseus, he built several industrial, office and multifamily properties in Washington, D.C. and Maryland.EDUCATION Gregory holds an MBA from Georgetown University and an undergraduate degree from Washington University in St. Louis, Missouri.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Vibhav Kapila RE Brkr 660150
-
Greg Marks -
Transwestern Real Estate Services
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Prime Development Parcel | Adjacent to I-270 | Redland Rd
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