Skip To Content
    Return to Previous Page

    531 Dale Drive

    SILVER SPRING, MD 20910
    • $2,195,000
    • STATUS: Active
    • ON SITE: 133 days
    • ID#: MDMC712280
    UPDATED: 45 min ago
    $2,195,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1960
    County:

    School Information

    Elementary School:

    Description

    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!

    Monthly Payment Calculator



    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Redux Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-29T11:53:45.45.
    dmv.thereduxgroup.com/homes/106939614
    Print Image

    531 Dale Drive SILVER SPRING, MD 20910

    • Price: $2,195,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: MDMC712280
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1960
    Built
    County:
    Montgomery
    Elementary School:
    Sligo Creek
    Middle School:
    Silver Spring International
    School District:
    Montgomery County Public Schools
    Property Description
    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!
    Exterior Features

    Construction Materials Combination Door Features Double Entry Garage YN No Location Type Free Standing Lot Features Sloping Parking Features Handicap ParkingSurface Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Roof Rubber View Trees/Woods Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 7310.00 Cooling Central A/C Exclusions Current Tenant's Personal Property & Trade Fixtures (Tenant On Month To Month So Can Be Delivered Vacant) Flooring Concrete Heating HumidifierEnergy Star Heating System Heating YN Yes Inclusions Backup Power Generator Net Square Feet 7310.00 Security Features Exterior CamerasFire Detection SystemSprinkler System - IndoorSecurity System

    Property Features

    Accessibility Features 2+ Access Exits Assessment Year 2020 Association YN No Business Type MedicalOther/General RetailDay Care FacilityHair Salon And SpaHealth ClubInstitutionalProfessionalReligious FacilitySchoolVet/KennelOther Central Air YN Yes Cooling Fuel Electric Electric 3 PhasesUnderground Electric Average Monthly 609 Electric Last12 Months 7308.00 Elevators 0 Entry Level 2 Foundation Details Concrete PerimeterSlab Front Foot Fee 0.00 Green Energy Efficient HvacConstruction Heating Fuel Electric Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 304171189453 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 13488.17 Tax Assessment Amount 1191500.00 Tax Lot 37 Transportation Bus Stop Less Than 1 MileMetro/Subway Station Less Than 1 MileCommuter Rail Station Less Than 1 Mile Vacation Rental YN No Water Source Public Year Built Effective 2008 Zoning Crt07 Zoning Description Commercial/Residential/Town- Permits Mix Of Residential And Non-Residential UsesPromoting LivingWorking & Recreation

    Listing courtesy of Summit Commercial Real Estate, Llc..


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Redux Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-29T11:53:45.45.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304171189453-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304171189453-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304171189453-2.jpg
    Logo
    The Redux Group | Keller Williams
    11700 Plaza America Dr. Suite 150
    Reston VA, 20190