16101 OAK HILL ROAD Silver Spring, MD 20905

$1,100,000
16101 OAK HILL ROAD, Silver Spring, MD 20905
1000481816

Commercial Property for sale in Silver Spring, MD

for $1,100,000. This 6,058 square foot building was built in 1858 on a lot size of 7.45 Acre(s).

Property Information

  • $1,100,000
  • Commercial
  • 6,058 Square Feet
  • Taxes are $15,374
  • Other / Unknown
  • Active
  • Lot size of 7.45 Acre(s)
  • Built in 1858
  • Silver Spring, MD
  • Montgomery County
  • MLS/Web ID is 1000481816

Description

The Historic Edgewood Inn Estate spans 7+/- Acres with 6, 058 SF of buildings, including (5) recently renovated outbuildings: a Corn Crib, Ice House, Carriage House, Blacksmith House and Tenant House. Zoning is RE-1 allowing for either commercial or residential use. A preliminary site plan proposal for an additional 9, 000 SF structure with many potential uses and 82 parking spaces is underway.

Interior 2

Sewer

  • Public Sewer

Water Source

  • Public Water

† Excluded Feature

Listed By

Broker: TURNING POINT REAL ESTATE

16101 OAK HILL ROAD, Silver Spring, MD, 20905 is a Commercial Property for sale at $1,100,000 with 6,058 sqft and a lot size of 7.45 Acre(s). 16101 OAK HILL ROAD has 0.0 baths and was built in 1858. The property's zip code is 20905 which is in Silver Spring, MD

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Pricing History

Date Price Price Change Description
9/21/2018 $1,100,000 -15.06 % Price Change
5/4/2018 $1,295,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Silver Spring $458,820 58 % below $424,900 61 % below
Commerical listings in Silver Spring $1,806,386 64 % above $699,900 36 % below
Sold listings in Silver Spring $300,454 73 % below $300,000 73 % below

Get the facts about Silver Spring, MD!

Population 78,552
Population Growth (since 2000) 14 %
Median Income $75,721
Median Age 36.13
Households w/ Children 27 %

Residential Dwellings

  • Owned 13514
  • Vacant 1970
  • Rented 18274

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