

Opportunity Zone - Redevelopment Site
Up-Zoned Downtown Silver Spring Office Building Ripe for Redevelopment Opportunity
Marketing description
**DOWNTOWN SILVER SPRING VALUE-ADD MIXED USE REDEVELOPMENT SITE** Uncover the potential of 7961 Eastern Avenue, Silver Spring, MD—an ideal Professional/Medical Office Building in a prime location just south of bustling Downtown Silver Spring. With the recent adoption of the 2022 Comprehensive Plan Amendment, this site offers a rare investment opportunity. The updated zoning encourages diverse development, including affordable housing and small business support. Boasting an approximate area of 442 acres with favorable transportation connectivity, the property is set to benefit from the planned multimodal transportation routes and urban revitalization initiatives. From increased FAR to improved transit options, this property's strengths now shine through its previous limitations. Embrace the future growth and possibilities in this vibrant area on the Maryland/Washington DC border. Explore the boundless possibilities of this dynamic mixed-use redevelopment site in the heart of Silver Spring.
Investment highlights
“AS-IS” REDEVELOPMENT SITE
This property is being sold as a fee simple sale not valued as an investment sale. The building will convey vacant.
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