7508 Blair Rd, Silver Spring, MD 20912
Marcus and Millichap Marcus and Millichap is pleased to exclusively represent the owner of 7508 Blair Road, a five parcel site for a total of 38,000 + square feet, zoned R-10. A Developer can build ten 2,100+ SF townhomes with garages on this site as a matter of right.
7508 Blair Road is located in Montgomery county adjacent to the Washington DC line. It is located one mile away from downtown Silver Spring, 1/2 mile from Takoma Park metro station, and one mile from the Silver Spring metro station which includes the new Purple line scheduled to open in 2021.
Development on this project with a 70% LTV could yield a Developer a 23% IRR or higher. Out sale of this townhome development is based on a conservative market value of $357 PSF.
Situated in a Opportunity Zone, these parcels are located in one of the busiest suburbs of Washington, D.C. Silver Spring is a formidable economic hub, with many businesses and large retailers located in downtown Silver Spring. Retailers within a mile away include Whole Foods, DSW, H&M, Matchbox restaurant and more. Downtown Silver Spring is also undergoing a large redevelopment which will include a new bowling venue and lounge, a new public plaza, and a dynamic green space.
Marcus and Millichap Marcus and Millichap is pleased to exclusively represent the owner of 7508 Blair Road, a five parcel site for a total of 38,000 + square feet, zoned R-10. A Developer can build ten 2,100+ SF townhomes with garages on this site as a matter of right.
7508 Blair Road is located in Montgomery county adjacent to the Washington DC line. It is located one mile away from downtown Silver Spring, 1/2 mile from Takoma Park metro station, and one mile from the Silver Spring metro station which includes the new Purple line scheduled to open in 2021.
Development on this project with a 70% LTV could yield a Developer a 23% IRR or higher. Out sale of this townhome development is based on a conservative market value of $357 PSF.
Situated in a Opportunity Zone, these parcels are located in one of the busiest suburbs of Washington, D.C. Silver Spring is a formidable economic hub, with many businesses and large retailers located in downtown Silver Spring. Retailers within a mile away include Whole Foods, DSW, H&M, Matchbox restaurant and more. Downtown Silver Spring is also undergoing a large redevelopment which will include a new bowling venue and lounge, a new public plaza, and a dynamic green space.
