Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to purchase 801 Roeder Road (the “Property”).
801 Roeder Road is a 92,180 square foot, 10-story office asset originally constructed in 1976 and renovated in 2005. The Property is zoned Commercial/Residential (CR) which allows for by-right development of commercial, residential, hospitality, and medical uses up to a 6.5 FAR, providing ultimate redevelopment and conversion opportunity in the heart of Downtown Silver Spring. Directly adjacent to Hotel Silver Spring and Silver Spring Town Center, 801 Roeder Road is walkable to premier amenities including over 150 restaurants and shops. The Property also benefits from easy access to I-495 (Capital Beltway; 1 mile away) and the Silver Spring Metrorail Station (Red Line; 7-minute walk) providing convenient connectivity to suburban Maryland and the Greater Washington, DC Metropolitan area. Parking is available on-site and in the adjacent Town Square Parking Garage, which is owned and operated by Montgomery County and offers over 1,200 public spaces.
Located in a Qualified Opportunity Zone, 801 Roeder Road presents a unique opportunity to maximize the site’s variety of potential uses and integration into the surrounding vibrant neighborhood and provides investors with flexibility regarding future business plans. The Property is being offered on an “as-is” basis without any representation or warranties.
- 92,180 Square Foot Office Asset; CR Zoning Allows for By-Right Redevelopment and Conversion Optionality to Commercial, Residential, Hospitality, or Medical up to a 6.5 FAR
- Located in Vibrant Downtown Silver Spring with Over 150 Retail and Dining Options within Walking Distance
- Direct Proximity to I-495 (Capital Beltway; 1 mile away) and Silver Spring Metrorail Station (Red Line; 7-minute walk) Providing Connectivity to Entire DC Metro Region; Walking Distance to Future Purple Line Silver Spring Library Station
- On-Site Parking Available and Direct Access to Adjacent 1,200+ Space Public Parking Garage
- Asset is Situated in a Qualified Opportunity Zone