21 Church Street

Avison Young’s Capital Markets Group, as exclusive advisor to the Owner, is pleased to present the opportunity to acquire 21 Church Street (“the Property”), a 89,217 square foot, fully vacant office building located at the heart of Rockville, MD.

21 Church Street is an exciting opportunity for both value-add office investors and developers focused on multifamily conversions. The Property is zoned for residential use and can quickly undergo a site plan amendment to convert from an office to multifamily use. The Property is the closest commercial building to the Rockville Metro and is located directly across from Rockville Town Square’s highly amenitized dining, shopping and entertainment district. The supply of Metro adjacent sites across the DMV is rapidly shrinking and few locations are closer or more convenient for rider access than 21 Church Street. The Property was built in 2007 to the highest standards, boasting steel beams and columns clad with exterior concrete. The Property’s 5 levels of below grade parking (243 spaces) allows the next owner to meet the office tenant’s or apartment renter’s needs, while having a significant surplus in spaces for additional income. There are 3 elevators in the building which serve the entire Property, including all 5 levels of the parking garage.