2701 Olney Sandy Spring Rd - Flex CONDO FOR SALE


Olney, MD 20832
$1,500,000 USD
301-509-8820
2701 Olney Sandy Spring Rd, Olney, MD for Sale
$1,500,000 USD
Flex CONDO - FOR SALE
1/5
null | Request Cap Rate

2701 Olney Sandy Spring Rd
Olney, MD 20832


HIGHLIGHTS

  • Approx. 3,526 square feet and includes four bedrooms and four bathrooms. The office portion of the property offers an additional 1,710 square feet.
  • Currently used as both a medical office and a residence. Great potential for conversion into various property types by right.
  • Located off the main road in Olney, MD, it offers excellent business exposure.
  • Situated on one acre of land in central Olney.
  • Situated between two other Special Exception properties: a veterinary office and an assisted living facility.

OVERVIEW

This unique property is currently used as both a medical office and a residence. Located off the main road in Olney, MD, it offers excellent business exposure. Additionally, the property is situated between two other Special Exception properties: a veterinary office and an assisted living facility It is also located just a quarter mile from MedStar Hospital, making it especially attractive as a healthcare office. The property offers a truly special and serene atmosphere, serving as bot a primary residence and a healthcare office -- currently home to a chiropractor. Situated on one acre of land in central Olney, it is nestled in a thriving community along the well-traveled Route 108. The primary residence spans approx. 3,526 square feet and includes four bedrooms and four bathrooms. The office portion of the property offers an additional 1,710 square feet. The home features a 2-car garage, a family room, a living room, a formal dining room, and ample outdoor space for entertainment. There is also plenty of parking available for visitors. The property consists of two wings built in 1945 and 1993, respectively. While zoned as residential, it offers great potential for conversion into various property types by right, including a Bed & Breakfast, embassy, residential care facility, house of worship, and several other options. Permitted uses by right include: Bed & Breakfast one-family detached dwelling unit Embassy Farm tenant dwelling/mobile home, small group home, mobile home (permanently attached), public utility buildings or other public uses, adult foster care home, residential care facilities (up to 8 persons), ambulance/rescue squad/fire station, childcare facility, houses of worship, opportunity housing projects, libraries/museums, parks/playgrounds, agricultural uses/farm market.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

5,475 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

R200

APN/PARCEL ID

08-00703018

ASK ABOUT THIS PROPERTY

Neil DraddyJay Clogg Realty Group, Inc.More Info
301-509-8820

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Neil DraddyJay Clogg Realty Group, Inc.More Info
301-509-8820

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.