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sales rep | Brivity IDX

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7961 Eastern Ave , Silver Spring, MD 20910
$2,000,000
Est. Payment: $10,644.84/mo
16560 Sqft
0.14 Acres
Status: active under contract | Days on site: 903
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FLEUR1 - 59872
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House Description

Downtown Silver Spring Value-Add Mixed-Use Redevelopment in Opportunity Zone Purchase an office building in a newly up-zoned Commercial Residential Zone, in close proximity to Metro rail and Metro bus on well-traveled Eastern Avenue bordering Washington, DC. Property sits in a Priority Funding Area and benefits from recent expansion of uses per 2022 Amended Comprehensive Plan through the Silver Spring Downtown and Adjacent Comprehensive Plan. The amended plan allows for a 4 FAR or 24, 000 SQFT building potential. The building is currently 16,000+/- SQFT. Additionally, approved Zoning Code Amendments make this location ripe for repositioning or redevelopment. Approved transit and roadway improvements are value-ads, as they will allow for greater connectivity throughout the 8 distinct districts making up Downtown Silver Spring. Moreover, environmentally and security-focused design on the multi-modal trails/paths and roadways have an emphasis on storm water management and cooling roadways mechanism like right of way rain gardens, and expansion of tree canopy on pedestrian connector roads, sidewalks and roadways. Recently passed Montgomery County legislation will allow greater density in the split-zoned (CR-3, C-3, R-3, and H-125) location. Proximity to the abutting Kennett Street Garage & Parking Lot opens up opportunity for multiple redevelopment possibilities to include: Institutional Uses Residential Health Education Philanthropic Cultural Charitable Specialty Uses Family Day Care Hospital Educational Private Club/Service Organization Religious Assembly Restaurant Hotel/Motel Dental Labs Research and Development (R&D) Health Club Radio Facility

Highlights

Listed by Monique A Walker , 3015230193 Fleur de Lis, LLC , 3017507040. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.14

Year Built

1956

County

Montgomery

Neighborhood

Downtown Silver Spring

School District

Montgomery County Public Schools

Listing ID

MDMC2130998

Questions about this listing?

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Interior Features

Air Cond:Central A/C
Fireplaces:
Floor:Concrete,Slate,Stone
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:CR3.0
Roof:Flat,Rubber
Sewer:Public Sewer
Parking Features:Public Garage,On Street
Principal Interest
$10,645
Taxes
$2,658

Home Price

$2,000,000

Loan Details

30 yrs
7%

Down Payment

20%
$400,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,644.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,644.84 $2,657.58 $0.00 $13,302.42
Yearly $127,738.08 $31,891.00 $0.00 $159,629.08
Total $3,832,142.35 $956,730.00 $0.00 $4,788,872.35
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Silver Spring, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS