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Deer Park's three-building campus presents a rare and compelling development opportunity, RB zoning offer a unique range of permitted uses. Specifically this zoning allows for a maximum building footprint of 17,847 square feet (30% of the site). A new two-over-two condominium community located within one block of the property is currently selling units starting at $600,000. Subject to City of Gaithersburg approval, the East Deer Park campus has the potential to yield up to 34 similar two-over-two condominium units. The property is currently approximately 60% leased and is projected to reach 80% occupancy within the next 60 days. This asset offers strong appeal to income-focused investors seeking a buy-and-hold opportunity or a stable cash-flow investment. The campus enjoys excellent proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. It also benefits from prominent marketing exposure along North Frederick Avenue, with high traffic volumes and exceptional curb visibility.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/24/2026 |
|---|---|---|---|
| TRACT | DEER PARK | YEAR BUILT | 1970 |
| COUNTY | MONTGOMERY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | MONTGOMERY COUNTY PUBLIC SCHOOLS |
|---|---|
| High School | GAITHERSBURG |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| CONSTRUCTION | Brick |
| HEAT | Electric, Forced Air, Heat Pump |
| LOT | 1.36 acre(s) |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| SUBDIVISION | DEER PARK |
| TAXES | 37595.15 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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