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Opportunity to acquire 4.49 acres of commercial development land with frontage along Woodfield Road (Rt. 124),Lindbergh Drive and Airpark Road. Zoned IL (Light Industrial),this property offers a developer multiple office,commercial and industrial options for value-add development. The property is currently generating $9,000+ month from commercial truck and vehicle storage,with the potential to generate even higher revenue. Surrounding properties include well-established warehouse and office properties within the Montgomery County Airpark District. The property is adjacent to a bank branch,with a public road traversing the property,connecting Lindbergh Drive to Airpark Road. Plus,Rt. 200 and Rt 270 are close by,along with significant retail and employment centers,giving this property significant potential for long-term value enhancement. And with the Preserve at Rock Creek and the Shady Grove Metro Station,commercial development around the property is likely to continue. The by-right special-purpose options include religious,daycare and educational facilities,self-storage,car wash and a health club. Based upon a concept plan,a developer can use 2.44 acres for a Retail Site and 2.05 acres for a car wash site. Another concept plan details a proposed self-storage building along with a warehouse. Each of these uses would benefit from the visibility along Rt. 124 and the established ingress/egress between Lindbergh Drive and Airpark Drive. Electric,public water,and sewer are available. The property is within the Lindbergh Park Owners Association,and is comprised of two tax parcels - Lot 8 (01-02889573) and Lot 9 (01-02889584). While two separate parcels,the property is only being sold as one offering. Located in Floodplain X,so the property lies outside of the 500-year flood plain. The association fee is $1,200/per acre.
Listed by Omar Aizaz and Stephen M Karbelk of CENTURY 21 Commercial New Millennium

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