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10101 LORAIN AVENUE
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Sold

10101 LORAIN AVENUE

10101 LORAIN AVENUE, SILVER SPRING, MD 20901

$1,225,000
Seize this rare chance to own a highly coveted commercial property in the thriving Northwood Park area. Conveniently positioned just minutes from I-495 and a short drive to Downtown Silver Spring, Chevy Chase, Bethesda, Rockville, North Bethesda, Washington, D.C., and beyond, this location offers unparalleled accessibility.

Previously serving as a medical office, this property is zoned EOF-3 (Employment Office), making it an exceptional fit for a diverse range of professional enterprises. The versatile zoning allows for:

1. **Office & Technology Services** - Perfect for general offices, innovative professional services, or cutting-edge tech businesses.
2. **Light Industrial & Warehouse** - An ideal space for light manufacturing, warehousing, and distribution.
3. **Neighborhood Retail** - Opportunities for small-scale retail that caters to local businesses and residents.
4. **Food & Beverage Establishments** - Limited service dining options permitted under specific conditions to attract food enthusiasts.

The EOF-3 zoning also offers an impressive maximum density of 3.0 FAR, empowering developers and investors to explore high-density projects (with Planning Board approval) such as mixed-use redevelopment, specialty retail, vehicle sales, and residential conversions to cater to the community's growing demands.

With its prime location, adaptable zoning, and promising redevelopment potential, this property represents an extraordinary investment opportunity for savvy owners, dynamic businesses, and visionary developers. Recent renovations feature elegant luxury vinyl plank flooring throughout most areas, enhancing its appeal.

This property is FULLY PREPARED FOR YOUR BUSINESS and is entirely turnkey, ensuring you can hit the ground running.

*Don't miss out! Please check with Montgomery County regarding all possible uses for the property. The information provided is deemed RELIABLE but NOT GUARANTEED.* *Please Check with Montgomery County Regarding All Possible Uses For The Property -- Information Above Deemed RELIABLE, But NOT GUARANTEED.*

2,750 Sq.Ft. LIVING AREA

9,617 Sq.Ft. lot

Alex Martinez

Alex Martinez

Features & Amenities

Interior

  • Flooring Carpet, Concrete, Vinyl

Area & Lot

  • Status Sold
  • Living Area2,750 Sq.Ft.
  • Total Area2,750 Sq.Ft.
  • Lot Area9,617 Sq.Ft.
  • MLS® IDMDMC2196874
  • TypeCommercial
  • YEAR BUILT1971
  • School DistrictMONTGOMERY COUNTY PUBLIC SCHOOLS

Exterior

  • water SourcePublic
  • parkingParking Lot
  • HEAT TYPENatural Gas, Forced Air
  • AIR CONDITIONINGCentral Air, Electric
  • sewerPublic Sewer

Financial

  • Sales Price$1,225,000
  • Real Estate Tax $9,542/yr
  • Zoning EOF3

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