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1200 University Boulevard W, Silver Spring, MD 20902
$3,000,000
1200 University Boulevard W, Silver Spring, MD 20902View this property at 1200 University Boulevard W, Silver Spring, MD 20902
1200 University Boulevard WSilver SpringMD20902
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Property Description
Call for OFFERS DUE 8/15/2024. Asking price listed is acting as a placeholder as there is no "asking price" as the price will be determined based on best offer submitted. Once in a generation opportunity to own or participate in the future of this irreplaceable piece of land of 7.03 ± acres within the Kemp Mill Master Plan and University Boulevard Corridor Plan immediately next to Sligo Creek Parkway. There is currently a school (approx. 10 classrooms and two large auditorium spaces) and church building (seating for approx. 150) that exists and can be activated for those uses along with outdoor playground and two parking lots. Current zoning is R-60, but can potentially be reimagined and enhanced, especially if in alignment to what the Kemp Mill Master Plan University Boulevard Corridor Plan expressed an interest in having. These plans could present a buyer with the opportunity for a rezoning, up-zoning, special exception, etc so long as it aligns with what the master plan calls (linkage between local facilities, and/or a facility that facilitates social cohesion. The site is surrounding by forestry but offers favorable and close proximity to public transit (bus lines, metro line - red), equidistant of approximately 31 miles south or east of Baltimore/Washington International Airport and Dulles International Airport respectively, and only 15 miles to Ronald Reagan Washington National Airport. The seller is most interested in offers that include a plan to incorporate them into the redevelopment of the site for a period of time. NOTE THAT INFORMATION INCUDED IN THIS LISTING IS NOTED AS "OTHER" AS THIS IS AN AS-IS, WHERE-IS and all services need to be verified by the buyer.
Full Property Details
Full Property Details for 1200 University Blvd W
General
- Price: $3,000,000
- Taxes: $2,239 (2024)
- Status: Active
- Type: Business
- Source: BrightMLSMidAtlantic
- MLS ID: MDMC2143982
- Updated: 9/7/2024
- Added to Site: 30 day(s) ago
Business
- Business Type: School, Religious Facility, Day Care Facility, Recrea
Parking
- Total Spaces: 65
- Parking Type: Parking Lot
Location
- County: Montgomery
- Driving Directions: Corner of Silgo Creek and University Blvd
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Other
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1960
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Fence: Yes
- Zoning: R60
Financial Considerations
- Price Per Sq. Ft.: $177.76
- Assessment Year: 2024
- Tax w/Assessment: $17,221,800
- Tax Amount: $2,239
- Tax Year: 2024
Disclosures and Reports
- Ownership: Other
- Exclusions: Personal property, IP, and other items personal to seller.
- Inclusions: As-Is
Listed by Foundry Commercial, LLC, Andrew John Genova
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Schools
Schools serving 1200 University Blvd W
School District:Montgomery County Public Schools, Gaithersburg, MD
Rating | Name | Grades | Distance |
---|---|---|---|
10830 Eastwood Ave, Silver Spring, MD 20901 | PK-5 | 0.5 mi | |
313 Wayne Ave, Silver Spring, MD 20910 | 6-8 | 2.5 mi | |
919 University Blvd W, Silver Spring, MD 20901 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1200 University Blvd W
Date
Details
Price
Change
Source
8/13/2024
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1200 University Blvd W
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,239
5%
$17,221,800
—
2022
$2,139
100%
$17,207,033
—
2022
100%
$17,192,267
—
2018
-100%
$17,177,500
2%
2021
$1,942
3%
$16,904,833
2%
2020
$1,892
—
$16,632,167
2%
2019
$1,892
—
$16,359,500
4%
2018
$1,892
5%
$15,728,933
4%
2017
$1,809
3%
$15,098,367
4%
2016
$1,749
-2%
$14,467,800
—
2015
$1,790
14%
$14,467,800
—
2014
$1,566
—
$14,467,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1200 University Blvd W
1200 University Boulevard W, Silver Spring, MD 20902 (MLS# MDMC2143982) is a Business property. 1200 University Boulevard W is currently listed for $3,000,000 and was received on August 13, 2024. Want to learn more about 1200 University Boulevard W? Do you have questions about finding other Business real estate for sale in Silver Spring? You can browse all Silver Spring real estate or contact a Coldwell Banker agent to request more information.