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260 E Jefferson Street Rockville, Maryland

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260 E Jefferson Street Rockville, Maryland 260 E JEFFERSON STREET ROCKVILLE, MARYLAND CAMBRIA HOTELS AT ROCKVILLE TOWN CENTER ROCKVILLE TOWN CENTER R ROCKVILLE TOWN OC CENTER PARK K VILL REGAL CINEMA AT O N E PIK ROCKVILE TOWN CENTER R E T H EAST MIDDLE LN W A ROCKVILLE STATION S G N I T O N S T 260 E JEFFERSON ST 28 Walk Score EA ST JE 355 89 FFERS ON S MONTGOMERY COUNTY T JUDICIAL CENTER 28 VERY WALKABLE A BOUTIQUE MULTIFAMILY OR MIXED-USE DEVELOPMENT OPPORTUNITY LOCATED IN ROCKVILLE, MARYLAND TRANSWESTERN’S MID-ATLANTIC MULTIFAMILY GROUP, AS EXCLUSIVE AGENT, IS PLEASED TO OFFER AN OPPORTUNITY TO ACQUIRE 260 E JEFFERSON STREET (THE “PROPERTY”), A DEVELOPMENT SITE ZONED MXTD LOCATED IN ROCKVILLE, MARYLAND. WITH A WALKSCORE OF 89, THE PROPERTY ENJOYS A VARIETY OF LIFESTYLE AMENITIES WITHIN ROCKVILLE TOWN CENTER WITHIN WALKING DISTANCE TO THE ROCKVILLE METRO (RED LINE) STATION, WHICH INCLUDES BOTH MARC AND AMTRAK SERVICE, AS WELL AS PROXIMITY TO THE MONTGOMERY COUNTY JUDICIAL CENTER. PROPERTY SUMMARY 260 E Jefferson St ADDRESS: Rockville, MD 20850 LAND AREA: 18,682 square feet MXTD (Mixed-Use Transit District) is a high-density mixed-use ZONING DISTRICT: zoning that allows for a mix of uses including residential, office and retail. TAX ID: 04-00143518 120 feet permitted (up to 150 feet BUILDING HEIGHT: potential) OFFERING SUMMARY Ten percent (10%) minimum OPEN AREA/PUBLIC USE SPACE: required OFFER PRICE: Unpriced No setbacks required due to non- SETBACKS: OFFER DUE DATE: Wednesday, February 10th residential land abutting THE OFFERING With a WalkScore of 89, the Property provides a prime corner location within Rockville Town Center for a multifamily residential community and could include a mix of uses such as ground floor retail or office space. Situated at the corner of East Jefferson Street (MD Route 28) and Monroe Street in Rockville Town Center, the Property boasts an AADT of more than 25,000 vehicles. The current site is improved with a 5,598 square foot two-story office building constructed in 1959 that is currently vacant. The location provides superior accessibility to both public transit as well as major roadway arteries throughout the Washington metro region and is just two blocks from the Rockville Metro Station and MD Route 355 and approximately 1-mile from Interstate 270 and major employment centers located along the I-270 Technology Corridor. ROCKVILLE TOWN CENTER MONTGOMERY COUNTY JUDICIAL CENTER AREA OVERVIEW Located directly adjacent to the 500,000+ SF Montgomery County Judicial Center and Rockville Town Center with access to a variety of lifestyle amenities and employment centers both within Rockville and throughout Montgomery County and the Washington, DC region. ROCKVILLE TOWN CENTER The Rockville Business District, commonly referred to as Rockville Town Center, incorporates numerous mixed- use development projects and is home to more than 60 pedestrian-oriented shops and restaurants, a state-of- the-art library and a large town plaza providing seasonal activities from outdoor concerts and movies and ice skating in winter months. Major anchors including Regal Cinemas, Dawson’s Market, a locally focused natural food market, and a variety of national brands and local shops and restaurants. Other recent developments include ROCKVILLE TOWN SQUARE Class A Office Space anchored by the headquarters for Choice Hotels and an adjacent 140-key Cambria Hotel. MONTGOMERY COUNTY JUDICIAL CENTER In 2015, the county completed a $140 million expansion to include the development of a new 191,000 SF Annex addition and renovation of the existing 327,000 SF Judicial Center. ROCKVILLE STATION The Red Line Metro Station provided direct access to Bethesda and Downtown DC with connection throughout the metro area. The Rockville Station serves MARC REGAL CINEMA AT ROCKVILLE TOWN CENTER commuter rail and AMTRAK service. I-270 TECHNOLOGY CORRIDOR A key economic engine for the state of Maryland and Montgomery County, the I-270 Technology Corridor is home to federal laboratories, federal agencies, and hundreds of life science companies. Anchored by National Institute of Health (NIH) in Bethesda with more than 17,000 employees, John’s Hopkins University Research Campus in Rockville, National Institute of Science, and Technology (NIST) in Gaithersburg. Other top employers in Montgomery County include MedImmune, Lockheed CAMBRIA HOTELS AT ROCKVILLE TOWN CENTER Martin, and Marriott International. DEMOGRAPHICS AND EMPLOYMENT Median Household Income (3-mile radius): $113,844 Median Home Value (3-mile radius): $589,224 (median year built 1977) Total Office and Retail (5-mile radius): 38.2 million sf office and 13.4 million sf retail Daytime Employment (5-mile radius): 167,601 employees and 14,771 businesses Source: CoStar Demographics AREA HIGHLIGHTS DINING 22 MR. SMOOTHIE SHOPS 22 TOWN SQUARE JEWELERS 1 AMAI CREPE CAFÉ 23 PANERA BREAD 1 BALANCE VETERINARY CENTER 23 VERIZON WIRELESS 2 AMICI MIEI RISTORANTE 24 PETER CHANG 2 CARPE LIBRUM 24 WESBANCO 3 BEN AND JERRY'S 25 PLAZA OAXACA - COMING SOON 3 COLOR ME MINE 4 BERRY CUP 26 POTBELLY SANDWICH SHOP 4 COTTAGE MONET RESIDENCES & HOSPITALITY 5 BONCHON CHICKEN 27 SOCIAL CIRCLE BISTRO 5 CVS PHARMACY 1 CAMBRIA HOTELS & SUITES 6 BUFFALO WILD WINGS 28 SPICE XING 6 DAWN CRAFTON DANCE CONNECTION 2 FENESTRA APARTMENTS 7 CALIFORNIA TORTILLA 29 STARBUCKS COFFEE 7 DAWSON’S MARKET 3 PALLADIAN CONDOMINIUMS 8 EAST DUMPLING HOUSE 30 SUBWAY 8 GOLD’S GYM 4 THE METROPOLITAN ROCKVILLE TOWN CENTER 9 FINNEGAN’S WAKE IRISH PUB 31 SUSHI DAMO 9 HAIR DESIGN ZONE 5 THE UPTON (PHASE I) 10 FIRST WATCH 32 THE SPOT ASIAN FOOD HALL 10 HAMMER & STAIN 6 THE UPTON (PHASE II - UNDER CONSTRUCTION) 11 FIVE GUYS FAMOUS BURGERS & FRIES 33 TRAPEZARIA MEDITERRANIAN KUZINA 11 HSBC BANK 12 FRIENDSHIP BBQ 34 VIE DE FRANCE 12 KNITS ETC. OFFICE BUILDINGS & JUDICIAL CENTER 13 GIUSEPPI'S PIZZA PLUS 35 WOODSIDE DELI 13 LA VIE NAILS 1 101 MONROE ST - 1,000+ COUNTY WORKERS 14 GYUZO JAPANESE BBQ 36 WORLD OF BEER 14 M&T BANK 2 255 ROCKVILLE PIKE 137K SF 15 HALFSMOKE - COMING SOON 15 MANSFIELD KASEMAN CLINIC 3 51 MONROE - 227K SF 16 HOT POT ART & ENTERTAINMENT 16 MATHNASIUM 4 METRO PLAZA I & II - CHOICE HOTELS HQ 17 KABUTO HIBACHI, SUSHI & RAMEN 1 TOWN SQUARE SPLASH PAD/ICE RINK 17 OLD LINE BANK 5 MONTGOMERY COUNTY BOARD OF APPEALS 18 KYOTO MATCHA 2 REGAL ROCKVILLE CENTER STADIUM 13 18 POUR VINO N' HOPS 6 MONTGOMERY COUNTY CIRCUIT COURT 19 LA CANELA 3 ROCKVILLE INNOVATION CENTER 19 RICK'S BARBER SHOP 7 MONTGOMERY COUNTY DISTRICT COURT 20 LEBANESE TAVERNA CAFE 4 ROCKVILLE MEMORIAL LIBRARY 20 ROCKVILLE TOWN SQUARE CLEANERS 8 ROCKVILLE POLICE DEPARTMENTS 21 MARBLE SLAB CREAMERY 5 VISARTS CENTER GALLERY 21 SUNTRUST 5 4 32 BEALL AVE 24 5 19 23 N WASHINGTON ST WASHINGTON N 6 3 9 8 4 R 7 25 3 OC K 11 1 15 VI 20 4 L 21 20 18 14 6 LE 22 9 10 12 12 31 PIK 13 2 22 4 2 3 4 E 10 34 17 5 21 28 29 11 E MIDDLE LN M 23 33 AR ROCKVILLE STATION 1 19 8 18 27 Y L 2 15 35 A 5 1 6 2 N 29 14 D 16 17 24 36 W MONTGOMERY AVE A V 8 E 16 7 3 2 1 26 13 MONROE ST 3 7 260 E JEFFERSON ST 6 270 28 1 E JEFFERSON ST 355 7 5 260 E JEFFERSON ST 28 355 28 FOR MORE INFORMATION CONTACT: Justin Shay, CCIM Dean Sigmon Robin Williams Michael D’Amelio Mollie Zito Vice President Executive Vice President Executive Vice President Analyst Graphic Designer 301.896.9082 301.896.9089 301.896.9070 301.896.9077 301.896.9021 [email protected] [email protected] [email protected] [email protected] [email protected] 6700 Rockledge Drive | Suite 500-A | Bethesda, MD 20817 | 301.571.0900 | www.transwestern.com.
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