Deer Park’s three-building campus presents a rare and compelling development opportunity, RB zoning offer a unique range of permitted uses. Specifically this zoning allows foradaptive reuse and a maximum building footprint of 17,847 square feet (30% of the site).
A new two-over-two condominium community located within one block of the property is currently selling units starting at $600,000. Subject to City of Gaithersburg approval, the East Deer Park campus has the potential to yield up to 34 similar two-over-two condominium units.
The property is currently approximately 60% leased and is projected to reach 80% occupancy within the next 60 days. This asset offers strong appeal to income-focused investors seeking a buy-and-hold opportunity or a stable cash-flow investment.
The campus enjoys excellent proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. It also benefits from prominent marketing exposure along North Frederick Avenue, with high traffic volumes and exceptional curb visibility.
The income description goes here to explain
| List Price | $2,950,000 |
| Property Type | Office |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1970 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 00834108 |
| MLS # | MDMC2228642 |
| Property ID | 322788691 |
| Lot Sqft | 59,451 |
| Zoning | RB |
| Total Units | 1 |
| Days on Market | 78 |
| Original List Price | Unknown |
| Date Updated | June 06, 2026 |
| Date Created | April 23, 2026 |
Financials not available online. Please inquire with your agent for more details.
J. Larry Galey an agent of . Lic #5299
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