UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,719 sqft
Price per Sqft $793
MLS Listing ID MDMC2194722
Year Built 1900
Annual Tax Amount $35,333
Tax Year 2024
Lot Size 0.328 Acres
Acres 0.33
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
This property is strategically located 2 blocks from Rockville Metro and MARC train stations and is walkable to downtown. Offering convenient access for both employees and visitors. It's zoning MXCD supports a variety of uses, making it a versatile space for various business types.
Residential- Apts, condominiums, and townhouses. Commercial- Retail stores, cafes, and service businesses. Office-Professional offices, medical clinics, cs, and similar uses
Recommended Usage:
Owner Occupant/Professional Services Use is ideal for professionals: lease the entire building to a single firm or subdivide for therapists, law firms, accountants, architects, or consultants. You could combine part of the space for your business and lease out the rest. This model works well in Rockville due to the low vacancy in the downtown area.
Live Work Conversion: You could also convert the upper floors to residential units (2-3 apartments or short-term rentals), then use or lease the lower floor as commercial space, such as a coffee shop or hair salon. This hybrid model is popular due to the historic charm and proximity to transit hubs like the Rockville Metro, or transform the entire building into apartments or condos.
Adaptive Reuse for Short Term Rentals or Events: Convert the space to a creative event space, cozy co-working site, or executive Airbnb. This is an attractive mode as well due to the historic structure and downtown vibe.
Potential Layouts:
First Floor (Commercial)- 3400 sq.ft22-3 office/retail suites (law, wellness, boutique). Shared entry, lobby, and ADA rest.room Flexible tenant mix 1000-12 0 sq ft each
Second Floor (Residential) 3400 q.ft feet2 large 2 bedroom/2 bath apartments or 3 smaller 1-bedroom apartments.Dedicated rear stairwell for private residential access
Basement area
Location
State MD
County Montgomery
Zoning MXCD
Interior
Hot Water Electric
Heating Central
Cooling Multi Units
Heat Source Electric
Exterior
Garage Spaces 28.0
Water Access N
Accessibility Elevator
Total Parking Spaces 28
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Montgomery County Public Schools
Others
Tax ID 160403355405
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
