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Property Detail

Redland Road
Unique 2.09-acre lot positioned directly along I-270 off Exit 8 with unmissable visibility .
$325,000

Description

  • Unique 2.09-acre lot positioned directly along I-270 off Exit 8 with unmissable visibility in Rockville, Maryland, part of the Washington, DC, MSA.
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  • Rare opportunity to acquire exceptionally located acreage with MXE (Mixed-Use Employment) zoning, allowing numerous business uses at the site.
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  • Conveniently sited 3.5 miles from the Shady Grove metro station and less than 2 miles from the Adventist HealthCare Shady Grove Medical Hospital.
  • Strategically situated within a heavily trafficked corridor front and center to 206,882 VPD and encircled by a melting pot of highly rated businesses.
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  • Lucratively located within a 2-mile radius of reputable retailers, hotels, and eateries including the Sheraton, Target, Ruth Chris, Safeway, and more.
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  • Preferably surrounded by a dense population of 778,149 residents within a 10-mile radius making an average household income of about $150,000.

Executive Summary

One-of-a-kind parcel prominently situated with pronounced visibility on major thoroughfare Interstate 270, seeing over 206,800 vehicles per day in Rockville, Maryland. Advantageously located within Washington, DC’s resilient metropolitan area, this 2.09-acre lot at Redland Road boasts sought-after MXE, Mixed-Use Employment zoning. This flexible zoning serves as a developer’s dream as it permits a multitude of uses including hotels, restaurants, offices, retail, an indoor entertainment establishment, adult daycare, private education facility, medical or dental laboratory, and many more.

This valuable acreage at Redland Road benefits from its extremely convenient accessibility within a heavily trafficked corridor encompassed by numerous amenities. Exceptionally positioned within a 2-mile radius are noteworthy retailers, hotels, and eatery options that attract visitors and locals to the area. Reputable retailers and eateries include Target, Trader Joe’s, Ruth Chris Steakhouse, Safeway, Dunkin’, Chick-fil-A, Cooper’s Hawk, Aldi, Giant Food, Wawa, McDonald’s, and more. Nearby lodging opportunities include Courtyard, Residence Inn, Marriott, SpringHill Suites, Extended Stay America, and the adjacent Sheraton Hotel. Less than 2 miles away are the Adventist HealthCare Shady Grove Medical Hospital and John Hopkins University – Montgomery County Campus, both surrounded by several medical offices.

This parcel along Interstate 270 is favorably located 3.5 miles from the Shady Grove metro station allowing for seamless connectivity without the need for visitors or residents to own or rent a car. Ideally encircling the land is also a dense population of more than 778,000 residents within a 10-mile radius who produce a generous average household income of about $150,000 and have a significant spending power of nearly $11.4 billion annually. These nearby residents are combined with a robust daytime employment of 393,470 employees who may also choose to shop, stay, or play in the area.

Don’t miss the chance to acquire this remarkable acreage primed for development. This site is ready for a new business to come into town featuring spectacular frontage in a booming corridor to envy.

Prime Development Parcel

Listing ID : 00628

SKU: 628

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Price History

DateEventPrice
December 4 2024Listed$325,000.00