• Broker Rick Kelly 3013671033
  • Broker William Montrose 3019619696 x 203

106 N Summit Ave - Future Subdivision Site 0.41 Acres of Residential Land Offered at $775,000 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.

ATTACHMENTS

106 N Summit Ave DEV-SITE-SALE 12132023
Tax Benefits of Investing in Opportunity Zones

PROPERTY FACTS

Price $775,000 Property Subtype Residential
Sale Type Investment Proposed Use
Commercial
  • Retail
  • Office
  • Hold For Development
  • Medical
No. Lots 1 Total Lot Size 0.41 AC
Property Type Land 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.
Zoning CBD
Price $775,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Office
  • Hold For Development
  • Medical
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.
Zoning CBD

1 LOT AVAILABLE

Lot

Price $775,000 Lot Size 0.41 AC
Price Per AC $1,909,770.14
Price $775,000
Price Per AC $1,909,770.14
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

Walk Score®
Very Walkable (77)

PROPERTY TAXES

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

PROPERTY TAXES

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

MAP

ADDITIONAL PHOTOS

View Photo 106 N Summit 12-2023-02
View Photo 106 N Summit 12-2023-03
View Photo 106 N Summit 12-2023-04
View Photo Plat Map
View Photo Building Photo
View Photo Building Photo
  • Listing ID: 26645879

  • Date on Market: 9/16/2022

  • Last Updated: 5/7/2025

  • Address: 106 N Summit Ave, Gaithersburg, MD 20877