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Educational Systems Federal Credit Union 15901 Frederick Rd 43,500 SF 100% Leased Office Building Rockville, MD 20855 For Sale
INVESTMENT HIGHLIGHTS
- The site features three drive-thru ATMs on the west side of the property.
- This is a highly walkable location that offers unparalleled connectivity to both transit and retail amenities.
EXECUTIVE SUMMARY
CPG Realty, LLC, as exclusive representative of the Seller, is pleased to present 15901 Frederick Road, Rockville, MD — a rare infill redevelopment opportunity located at the highly visible corner of Frederick Road (MD 355) and Redland Road, directly across from the entrance to King Farm and adjacent to the Shady Grove Metro station.
The Property consists of 2.294 acres zoned CR 200 R 1.5, allowing residential development by right for a seamless entitlement process. Currently improved with a 43,500 SF, three-story office building and 130 parking spaces, the Property benefits from flexible repositioning potential. The Seller has mostly vacated the building and is open to leasing back the retail portion of the first floor, offering optional income during redevelopment. The site also features three drive-thru ATMs on the west side of the Property.
This highly walkable location offers unparalleled connectivity to both transit and retail amenities. Residents will enjoy immediate access to nearly 1 million SF of vibrant retail, including King Farm Village Center and Upper Rock, with offerings such as Mom’s Organic Market, Home Depot, Best Buy, and a variety of restaurants and services.
Positioned within Montgomery County and the City of Rockville’s growth boundaries, this site presents a compelling opportunity to deliver for-sale residential product in a supply-constrained, high-income submarket with strong demand drivers and proven walkability
The Property consists of 2.294 acres zoned CR 200 R 1.5, allowing residential development by right for a seamless entitlement process. Currently improved with a 43,500 SF, three-story office building and 130 parking spaces, the Property benefits from flexible repositioning potential. The Seller has mostly vacated the building and is open to leasing back the retail portion of the first floor, offering optional income during redevelopment. The site also features three drive-thru ATMs on the west side of the Property.
This highly walkable location offers unparalleled connectivity to both transit and retail amenities. Residents will enjoy immediate access to nearly 1 million SF of vibrant retail, including King Farm Village Center and Upper Rock, with offerings such as Mom’s Organic Market, Home Depot, Best Buy, and a variety of restaurants and services.
Positioned within Montgomery County and the City of Rockville’s growth boundaries, this site presents a compelling opportunity to deliver for-sale residential product in a supply-constrained, high-income submarket with strong demand drivers and proven walkability
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
43,500 SF
Building Class
A
Year Built
2005
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,500 SF
Slab To Slab
9’
Building FAR
0.44
Lot Size
2.29 AC
Zoning
CR - Larger downtown, mixed-use, and pedestrian oriented areas in close proximity to transit options such as Metro, light rail, and bus.
Parking
60 Spaces (2.9 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Fitness Center
- Security System
1 1
Walk Score®
Very Walkable (77)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 09-03413011 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $15,297,555 CAD |
PROPERTY TAXES
Parcel Number
09-03413011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$15,297,555 CAD
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Educational Systems Federal Credit Union | 15901 Frederick Rd
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