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$1,000,000
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Property Description
Exceptional Investor Opportunity in Gaithersburg, MD. This property would be sold vacant, free from any lease encumbrances. The sale presents opportunities for continued retail use, adaptive reuse for other retail purposes, or redevelopment to residential or mixed use.
Full Property Details
Full Property Details for 221 E Diamond Ave
General
- Sold For: $1,000,000
- Taxes: $22,205 (2024)
- Status: Closed
- Type: Warehouse
- Source: BrightMLSMidAtlantic
- MLS ID: MDMC2167906
- Added to Site: 329 day(s) ago
Business
- Business Type: Other/General Retail, Professional, Storage, Other
Interior
- Flooring: Concrete
Rooms
Bathrooms
- Restrooms: 2
Additional Information
- Security/Safety: Exterior Cameras
Parking
- Total Spaces: 12
- Parking Features: Paved Parking, Private
- Parking Type: Parking Lot, On Street, Public Garage
Location
- Municipality: City of Gaithersburg
- County: Montgomery
- Development Name: Gaithersburg Town
- Subdivision: Gaithersburg Town
- Cross Streets: Park Avenue
- Driving Directions: Google
- Location Details: Downtown
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Ceiling
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Multiple Phone Lines, Natural Gas Available
Structural Information
- Construction: Asphalt
- Foundation: Crawl Space
- Roof: Asphalt
- Ceiling Height: 15' to 18'
- Drive-In Doors: 2
- Drive-In Clearance: 12' to 15'
- Entry Floor Number: 1
- Stories/Levels: 2
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- # Tenants: Single
Lot Features
- Property View: City
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,608
- Lot Size Source: Assessor
- Frontage Feet: 84
- Street/Road Desc.: Approved, Black Top
- Lot Features: Level
- Zoning: CBD
- Lot Description: Level
Financial Considerations
- Price Per Sq. Ft.: $161.34
- Assessment Year: 2024
- City/TownTax: $4,181
- City/TownTax Freq: Annually
- County Tax: $16,588
- County Tax Freq: Annually
- Tax w/Assessment: $1,595,967
- Tax Amount: $22,205
- Tax Year: 2024
- Owner Pays: None
- Landlord Pays: None
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: All store inventory.
- Inclusions: None.
Listed by RE/MAX Premiere Selections, Margie A Bryant
Sold by Samson Properties, Carlos J Fuentes
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Schools
Schools serving 221 E Diamond Ave
School District:Montgomery County Public Schools, Gaithersburg, MD
| Name | Grades | Distance |
|---|---|---|
Gaithersburg Elementary School 35 North Summit Avenue, Gaithersburg, MD 20877 | PK-5 | 0.2 mi |
Gaithersburg Middle School 2 Teachers Way, Gaithersburg, MD 20877 | 6-8 | 0.4 mi |
Gaithersburg High School 101 Education Boulevard, Gaithersburg, MD 20877 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 221 E Diamond Ave
Date
Details
Price
Change
Source
9/17/2025
Sold
$1,000,000
-13.04%
MLS
6/09/2025
Price Reduced
$1,150,000
-17.86%
MLS
3/24/2025
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
221 E Diamond Avenue, Gaithersburg, MD 20877 (MLS# MDMC2167906) is a Warehouse property that was sold at $1,000,000 on September 17, 2025. Want to learn more about 221 E Diamond Avenue? Do you have questions about finding other Warehouse real estate for sale in Gaithersburg? You can browse all Gaithersburg real estate or contact a Coldwell Banker agent to request more information.

