403 E. Diamond Avenue in Olde Towne Gaithersburg is a retail property built in 1899 that resembles a house. At first glance, it appears to be a historic preservation opportunity. But it turns out that the structure has been deemed not historic, and has approvals for demolition from both the City of Gaithersburg and CSX.
The property, which includes room for up to 20 parking spaces, is being marketed as a teardown redevelopment opportunity in a prime location near the historic train station and MARC commuter rail. KW Commercial has listed the property with an asking price of $820,000. Prospective buyers are warned not to enter the building. "Entry is at your own risk due to safety concerns," the listing advises. It appears that a previous plan to redevelop the site by Finecraft Contractors has fallen through, creating a opportunity for someone else.
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