$575,000
$575,000
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1,200 SqFt
SOLD DATE : 08/12/2024
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $479
MLS Listing ID MDMC2134702
Sold Date 08/12/24
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $7,911
Tax Year 2024
Lot Size 1.130 Acres
Acres 1.13
Property Description
Two parcels: 16620 Whites Ferry Rd (1.000 acres) and 16650 Sugarland Rd (0.130 acres. The properties have a base zoning of R-200 with 26,160sqft designated as Neighborhood Retail (Employment - NR) zoning with a Floor Area Ratio (FAR) of 0.75 allowing for a maximum of 19,620sqft of commercial building space and a max building height of 45'. This leaves 31,272sqft of R-200 zoned area.
There are currently 5 structures on the property: cinder block garage with second story office, a residential structure, and 3 storage buildings. One storage building belongs to the tenant (metal building closest to the garage). The residential structure and both other storage buildings likely require demolition.
Property is currently under lease. Tenant is paying $3,003.48/month base rent plus tenant pays full property tax bill ($659.22/month) for a total of $3,662.70/month. Current lease term ends Feb 28, 2026.
NR zoning allows for many, various permitted uses including: Nursery, Residential Care Facility, Day Care Center, Educational, Religious Assembly, Restaurant, Retail, Live/Work Unit, Taxi/Limo Facility, and numerous other uses under Limited or Conditional Use.
Property needs substantial work or full redevelopment and is being sold strictly as-is.
Location
State MD
County Montgomery
Zoning NR 0.75 H45
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Oil
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Street Surface Black Top
Accessibility None
Parking Type Private Garage, Parking Lot
Total Parking Spaces 10
Garage N
Building
Lot Description Additional Lot(s)
Sewer Private Septic Tank
Water Well
New Construction N
Schools
School District Montgomery County Public Schools
Others
Tax ID 160300037086
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash, Bank Portfolio
Listing Terms Conventional, Cash, Bank Portfolio
Financing Conventional,Cash,Bank Portfolio
Special Listing Condition Standard
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