Sold

531 Dale Dr

Silver Spring MD, 20910

$1,900,000


$259.92 per sqft

Sold

7,310 sqft

Commercial

Built in 1960

531 Dale Drive in Silver Spring, Maryland is a 7,310 square foot, two story plus mezzanine flex/retail building, nicely located at the crest of a hill on a bucolic, tree-lined street on the eastern periphery of downtown Silver Spring. Adjacent to the Silver Spring International Middle School / Sligo Creek Elementary campuses, right by a handy little market and an easy 10 minute walk west to Whole Foods and the other great features and amenities of Silver Spring s urban core.The property also overlooks the new Dale Drive Station for the Purple Line light rail system, scheduled to enter service in 2022, elevating it to a truly fantastic location for employees and visitors alike (new station illustrated further below). For those seeking a bit more independence in movement, the building includes 10 nicely spaced parking spaces on a tidy concrete pad in front of the Building.The property was purchased and renovated on behalf of the Washington Revels, a non-profit organization focused on performance, education and community engagement in the performing arts. They use the main floor and mezzanine for their rehearsals (in a large studio room) and back-office work, and the basement level (with ground level loading access) is used to as a workshop and storage area for their costumes and theater props. They are currently on a month-to-month lease so Property can be delivered vacant.The Building is in excellent condition, and in its recent spring maintenance and cleaning effort all interior and rooftop systems have been serviced and tested (including the backup power generator), the roof power washed, the exterior repainted and the security system fully updated it is truly move-in ready!Zoned CRT (Montgomery County designated Commercial/Residential Town ), the Building can accommodate a broad number of uses by right and were specifically designed to encourage a mix of commercial and residential uses; create interactive streets; provide meaningful public spaces; and foster jobs and services where people can live, work, shop and play within a given neighborhood.Site visit can be accomplished with advanced scheduling and the practice of safe social distancing and the use of appropriate masks/face covering. Schedule your visit today!

MDMC712280

MLS ID

March 15, 2024

Updated

Map

531 Dale Dr
Silver Spring MD, 20910

Interior Features

Total Stories

3


Interior Features

Concrete


Floor Description

Concrete


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.19 Acres


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Taxes

$13,488


Tax Frequency

Annually


Days on Market

170


Garage

No


Parking Total

10


View

Yes


View Description

Trees/Woods


County

MONTGOMERY


Water Source

Public


Pool

No


Zoning

Commercial/Residential/Town- permits mix of residential and non-residential uses, promoting living, working & recreation


Buyer Agency Compensation

3%

Listed by Guy R d'Amecourt, with Summit Commercial Real Estate, LLC.
Listing Contact: 2024157800 

The IDX display contains information sourced from the Bright MLS, Inc. as of 3/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 3/15/2024 at 6:54 PM UTC

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