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2701 Olney Sandy Spring Road Olney, MD ^$ 1,500,000

2701 Olney Sandy Spring Road

^$ 1,500,000

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2701 Olney Sandy Spring Road

Olney, MD, 20832

^$ 1,500,000

Bedrooms-- Baths-- Sq 5,236

Monthly Estimate*

^$ 9,358

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Commercial Property for sale in Olney, MD

for $1,500,000. This 5,236 square foot building was built in 1945 on a lot size of 1.03.

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 both a primary residence and a healthcare officecurrently 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 approximately 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

Commercial Active

Price

^$ 1,500,000

Property Type

Commercial

Taxes

^$ 9,307

Style

Medical

Lot Size

1.03

Year Built

1945

Town/City

Olney

County/Region

Montgomery

MLS | Web ID

MDMC2172932

Features

Interior

Heating Fuel Natural Gas

Hot Water Natural Gas

Heating Y/N Y

Central Air Y/N Y

Total Restrooms 4

General

Sewer Public Sewer

Heating Forced Air

Cooling Central A/C

Possession Settlement Seller Rent Back

Zoning R200

Construction Materials Frame

Year Built 1945

Property Subtype Other

Tax Year 2024

Ownership Fee Simple

Cool Fuel Electric

Business Type Medical

Accessibility Entry Slope <1'

County MONTGOMERY

New Construction N

Property Type Commercial Sale

Subdivision Name OLNEY

Possible Use Senior Assisted/Day Care Residential Professional Service Medical/Dental Day Care Bed & Breakfast Barber/Beauty

Water Access Y/N N

Status ACTIVE

Directions On Route 108

City OLNEY

Disclosures Lead Based Paint - State Lead Based Paint - Federal Prop Disclosure

Number Of Units Total 1

Lot Size Units Square Feet

Lot Size Square Feet 44866.00

Tax Annual Amount 9307.0

Price Per Sq Ft Total AG 247.89

Vacation Rental Y/N N

Standard Status Active

Year Built Source Assessor

Legal Subdivision OLNEY OUT RES (3)

Exterior

Water Source Public

Type of Parking Parking Lot Driveway

Water View Y/N N

Building Area Total 6051.00

Lot Size Acres 1.03

Lot Size Source Assessor

Waterfront Y/N N

Other Equipment Negotiable

Land Assessed Value 296000.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 2701

* Excluded Features

List By

Ttr Sotheby's International Realty

Broker

triley@ttrsir.com

Affordability Calculator

$10,134

Per Month

Monthly Principal & Interest: $9,358
Monthly Property Taxes: $776
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Olney, MD

Average List Price ^$887,500

Percent of Sale Price 41%

About Olney, MD

35,956 Population

9% Since 2002

^$130,536 Median Income

44.55 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/9/2025	$1,500,000		Listed Price

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2701 Olney Sandy Spring Road, Olney, MD, 20832 is a Commercial Property for sale at $1,500,000 with 5,236 sqft and a lot size of 1.03. 2701 Olney Sandy Spring Road was built in 1945. The property's zip code is 20832 which is in Olney, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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2701 Olney Sandy Spring Road

Commercial Property for sale in Olney, MD

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