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11249 Fern St 4,692 SF Office Building Silver Spring, MD 20902 $1,675,000 ($356.99/SF)
INVESTMENT HIGHLIGHTS
- Delivered Vacant | Ideal Owner-User Opportunity
- Centrally Located Near the Wheaton Metro Station in Downtown Wheaton | Walk Score of 94
- Zoning Allows Numerous Uses | Lot Includes Parking for +/-20 Vehicles
- Development Potential | 10,950-SF Lot & a 4.0 FAR
EXECUTIVE SUMMARY
Feldman Ruel is pleased to offer for sale 11249 Fern Street, a 4,692-square-foot office property with an approximately 20-space parking lot located in the vibrant shopping and dining district of Downtown Wheaton, Maryland. The subject property is suited for office, retail, or specialty use and will be delivered vacant. Currently configured for a single user, 11249 Fern Street could be reconfigured for multiple tenants or redeveloped, given the subject property's CR-4.0 zoning designation and Montgomery County’s prioritization of development in the Wheaton area.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
4,692 SF
Building Class
C
Year Built
1963
Price
$1,675,000
Price Per SF
$356.99
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,475 SF
Slab To Slab
9’
Building FAR
0.43
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
CR-4.0 C-3.5 R-3.5 H-100 - Commercial/Residential: family of mixed-use zones that allow a range of densities and heights.
Parking
20 Spaces (4.26 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 13-01186581 | Improvements Assessment | $703,800 |
| Land Assessment | $304,900 | Total Assessment | $1,008,700 |
PROPERTY TAXES
Parcel Number
13-01186581
Land Assessment
$304,900
Improvements Assessment
$703,800
Total Assessment
$1,008,700
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