A 2.09-acre lot that is positioned directly along I-270, on Redland Rd. off of Exit 8, is being auctioned off on January 13th with a $325K starting bid.
The auction is being described as a “rare opportunity to acquire exceptionally located acreage with MXE (Mixed-Use Employment) zoning, allowing numerous business uses at the site.”
Per the auction listing: “One-of-a-kind parcel prominently situated with pronounced visibility on major thoroughfare Interstate 270, seeing over 206,800 vehicles per day in Rockville, Maryland. Advantageously located within Washington, DC’s resilient metropolitan area, this 2.09-acre lot at Redland Road boasts sought-after MXE, Mixed-Use Employment zoning.
This flexible zoning serves as a developer’s dream as it permits a multitude of uses including hotels, restaurants, offices, retail, an indoor entertainment establishment, adult daycare, private education facility, medical or dental laboratory, and many more. This valuable acreage at Redland Road benefits from its extremely convenient accessibility within a heavily trafficked corridor encompassed by numerous amenities.
Exceptionally positioned within a 2-mile radius are noteworthy retailers, hotels, and eatery options that attract visitors and locals to the area. Reputable retailers and eateries include Target, Trader Joe’s, Ruth Chris Steakhouse, Safeway, Dunkin’, Chick-fil-A, Cooper’s Hawk, Aldi, Giant Food, Wawa, McDonald’s, and more. Nearby lodging opportunities include Courtyard, Residence Inn, Marriott, SpringHill Suites, Extended Stay America, and the adjacent Sheraton Hotel. Less than 2 miles away are the Adventist HealthCare Shady Grove Medical Hospital and John Hopkins University – Montgomery County Campus, both surrounded by several medical offices.
This parcel along Interstate 270 is favorably located 3.5 miles from the Shady Grove metro station allowing for seamless connectivity without the need for visitors or residents to own or rent a car. Ideally encircling the land is also a dense population of more than 778,000 residents within a 10-mile radius who produce a generous average household income of about $150,000 and have a significant spending power of nearly $11.4 billion annually. These nearby residents are combined with a robust daytime employment of 393,470 employees who may also choose to shop, stay, or play in the area. Don’t miss the chance to acquire this remarkable acreage primed for development. This site is ready for a new business to come into town featuring spectacular frontage in a booming corridor to envy.”
