7961 EASTERN AVENUE
Silver Spring, MD 20910
Price Upon Request
Downtown Silver Spring Value-Add Mixed-Use Redevelopment in Opportunity Zone
Purchase an office building in a newly up-zoned Commercial Residential Zone, in close proximity to Metro rail and Metro bus on well-traveled Eastern Avenue bordering Washington, DC. Property sits in a Priority Funding Area and benefits from recent expansion of uses per 2022 Amended Comprehensive Plan through the Silver Spring Downtown and Adjacent Comprehensive Plan. The amended plan allows for a 4 FAR or 24, 000 SQFT building potential. The building is currently 16,000+/- SQFT. Additionally, approved Zoning Code Amendments make this location ripe for repositioning or redevelopment. Approved transit and roadway improvements are value-ads, as they will allow for greater connectivity throughout the 8 distinct districts making up Downtown Silver Spring. Moreover, environmentally and security-focused design on the multi-modal trails/paths and roadways have an emphasis on storm water management and cooling roadways mechanism like right of way rain gardens, and expansion of tree canopy on pedestrian connector roads, sidewalks and roadways.
Recently passed Montgomery County legislation will allow greater density in the split-zoned (CR-3, C-3, R-3, and H-125) location. Proximity to the abutting Kennett Street Garage & Parking Lot opens up opportunity for multiple redevelopment possibilities to include:
Institutional Uses
Residential
Health
Education
Philanthropic
Cultural
Charitable
Specialty Uses
Family Day Care Hospital Educational Private Club/Service Organization Religious Assembly
Restaurant Hotel/Motel Dental Labs Research and Development (R&D) Health Club Radio Facility
Listing Courtesy of: Fleur de Lis, LLC
301-523-0193
| Listing Id: | MDMC2130998 |
|---|---|
| Property Type: | Commercial Sale |
| Property Sub Type: | Five Or More Units |
| Status: | Active |
| Tax Annual Amount: | $31,891 |
| Lot Size Square Feet: | 6,000.0 |
| Lot Size Acres: | 0.14 |
| Waterfront?: | No |
| City: | Silver Spring |
| Counties Or Regions: | Montgomery |
| Subdivision Name: | Downtown Silver Spring |
| Postal Code: | 20910 |
| Year Built: | 1956 |
| Number Of Units Total: | 8 |
| Listing Agreement: | Exclusive Agency |
| Frequency: | Annually |
| Financing Types: | Conventional |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2024-05-06 |
| State Or Province: | MD |
| Postal Code Plus4: | 4833 |
| Legal Subdivision: | SILVER SPRING |
| Possession: | Immediate |
| Directions: | Eastern Avenue District of Columbia/Maryland border, adjacent to the Kennett Street Garage with nearly 600 parking spaces. |
| School District Sources: | Listing Agent |
| School District Key: | 121138126809 |
| Cooling: | Central A/C |
| Entry Level: | 1 |
| Construction Materials: | Block, Brick |
| Flooring: | Concrete, Slate, Stone |
| Building Area Total: | 16,560.0 |
| Accessibility Features: | 48"+ Halls |
| Heating: | Other |
| Heating?: | Yes |
| Building Area Source: | Assessor |
| Roof: | Flat, Rubber |
| Stories Total: | 3 |
| Year Built Source: | Assessor |
| Basement Yn: | No |
| Cooling Fuel: | Natural Gas |
| Elevators: | 1 |
| Heating Fuel: | Natural Gas |
| Hot Water: | 60+ Gallon Tank, Natural Gas |
| Other Units: | Unit 1, Unit 1, Unit 1, Unit 1, Unit 1 |
| Clear Span Ceiling Height: | Over 24', 10' to 12' |
| Net Square Feet: | 16,000.0 |
| Total Restrooms: | 6 |
| Central Air Yn: | Yes |
| Type Of Parking: | Public Garage, On Street |
| Assessment Year: | 2024 |
| In City Limits Yn: | Yes |
| County Tax: | $30,555.00 |
| County Tax Frequency: | Annually |
| Land Use Code: | United States |
| Tax Assessment Amount: | $2,600,000.00 |
| Tax Year: | 2024 |
| Zoning: | CR3.0 |
| Listing Tax: | 161301040400 |
| Auto Update Tax Data Yn: | Yes |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Building Name: | NONE AVAILABLE |
| Lot Size Source: | Assessor |
| Lot Size Units: | Square Feet |
| Sewer: | Public Sewer |
| Water Source: | Public |
| Business Type: | Religious Facility, Professional, Other/General Retail, Medical, Manufacturing, Institutional, HotelMotel, Health Club, Funeral Home, Day Care Facility, Bed and Breakfast, Apartment Building |
| Refuse Fee: | $1,031.36 |
| Transportation: | Metro/Subway Station less than 1 mile, Bus Stop less than 1 mile, Airport less than 10 miles, Commuter Rail Station less than 1 mile |
| School District NameSchool District: | MONTGOMERY COUNTY PUBLIC SCHOOLS |
| Building Classification: | Class B |
| Short Sales: | No |
| Property Use: | Owner User |
| Tenancy Svo: | Multiple |
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Property Last Updated: October 27, 2026 01:56 AM - ET
