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106 N Summit Ave - Future Subdivision Site

0.41 Acres of Residential Land Offered at $775,000 USD in Gaithersburg, MD 20877

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Investment Highlights

In Old Town Gaithersurg

Executive Summary

This property is in an Opportunity Zone which provides significant benefits to the investor through depreciation deductions and deferral of capital gains, as well as other benefits depending on your situation.

106 N Summit Ave DEV-SITE-SALE 12132023

Tax Benefits of Investing in Opportunity Zones

Property Facts

Price	$775,000 USD	Property Subtype	Residential
Sale Type	Investment	Total Lot Size	0.41 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$775,000 USD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	0.41 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$775,000 USD	Lot Size	0.41 AC
Price Per AC	$1,909,770 USD

Price	$775,000 USD
Price Per AC	$1,909,770 USD
Lot Size	0.41 AC

Very flat and at grade with the street.

Description

Perfect for small commercial building, residential towns or small apartment project

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Walk Score ®

Very Walkable (77)

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PROPERTY TAXES

Parcel Number	09-00833560	Improvements Assessment	$0 USD
Land Assessment	$533,600 USD	Total Assessment	$533,600 USD

PROPERTY TAXES

Parcel Number

09-00833560

Land Assessment

$533,600 USD

Improvements Assessment

$0 USD

Total Assessment

$533,600 USD

zoning

Zoning Code	CBD
CBD

(301) 367-1033

Contacts

Rick Kelly
William Montrose
AMR Commercial, LLC

Listing ID: 26645879
Date on Market: 9/16/2022
Last Updated:
Address: 106 N Summit Ave, Gaithersburg, MD 20877

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106 N Summit Ave, Gaithersburg, MD for sale Primary Photo- Image 1 of 8 — Primary Photo

106 N Summit Ave, Gaithersburg, MD for sale Building Photo- Image 2 of 8 — 106 N Summit 12-2023-02

106 N Summit Ave, Gaithersburg, MD for sale Building Photo- Image 3 of 8 — 106 N Summit 12-2023-03

106 N Summit Ave, Gaithersburg, MD for sale Building Photo- Image 4 of 8 — 106 N Summit 12-2023-04

106 N Summit Ave, Gaithersburg, MD for sale Plat Map- Image 5 of 8 — Plat Map

106 N Summit Ave, Gaithersburg, MD for sale Building Photo- Image 6 of 8 — Building Photo

106 N Summit Ave, Gaithersburg, MD for sale Building Photo- Image 7 of 8 — Building Photo

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