Greg Gosnell - Commercial Real Estate Showcase

Greg Gosnell Property Listings
Senior Vice President
AMR Commercial, LLC
4849 Rugby Ave
Suite 200
Bethesda, MD 20814-3018
(301) 961-9696 x209
(301) 656-7551

16301 New Hampshire Avenue - Woodland

Silver Spring, MD 20905 - North Silver Spring/Rt 29 Submarket

Property Type:Land Parcel Size:28.98 Acres
For Sale Price:$2,250,000 Price/Acre:$77,640 Price/SF:$1.78

Proposed Use:MultiFamily, Apartment Units, Single Family Development

On-Site Improv:-

• $3.5 Million ($121,000 / Acre)
• 28.98 Acres
• Located just north of route 198 (Spencerville Road)
• Zoned RE-1 (one residential unit per acre)
• Average single family recent sales price in a two mile radius is $772,000
• Average single family current listing price in a two mile radius is $1,118,780
• Currently operates as a horse riding training school

Sale Notes:
The property is a working equestrian center surrounded by residential development directly across from Hampshire Greens Golf. It is mostly open fields and is accessed via New hampshire Avenue and two residential lanes. Comprised of two parcels it is split zoned RC and RE-1. An appraisal estimated the lot yield at 13; 9-1.09ac and 4-5ac.

Fronts on east side of NH Ave at Rte 198/28 intersection. 8.1 miles N of 495 and 2 miles N of ICC. It is 2.1 miles S of Olney/Ashton.

AMR Commercial, LLC
Greg Gosnell
(301) 961-9696 x209

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