Monday, July 20, 2015

9 Ball in the Corner Pocket

900 Rockville Pike Sale




This half-acre site had approval for a 12,000 SF billiards showroom. With the economic slowdown those plans were shelved and Martin was asked to sell the property.


The buyer was interested in the property a year before the contract was ratified but the seller needed to delay the sale. Hurry up and wait. The property settled for $60 per square foot.

There are not many vacant sites on Rockville Pike. The property also received acceptable findings from both a Phase 1 and Phase 2 environmental studies. Similar Rockville land values range from $45 to $110 per square foot.

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