51 Mannakee Street Rockville MD 20850: A Comprehensive Guide to Unlocking the Hidden Potential of Your Property
Nestled in the heart of Rockville, Maryland, 51 Mannakee Street presents a rare opportunity to own a piece of prime real estate with endless possibilities. Whether you’re looking to invest in a rental property, build your dream home, or start a new business venture, this address offers the perfect foundation for your aspirations.
Understanding the Rockville Market
According to the National Association of Realtors, the median home price in Rockville is $650,000, making it a desirable location for both homeowners and investors. The city boasts a thriving economy, excellent schools, and a vibrant arts and culture scene. With its close proximity to Washington, D.C., many professionals and families choose to reside in Rockville.
Key Features of 51 Mannakee Street
- Land Area: 0.5 acres
- Zoning: R-20 (Residential)
- Public Utilities: Water, sewer, electricity, natural gas
- Access: Conveniently located near major highways, public transportation, and shopping centers
- Surrounding Area: Quiet and serene neighborhood with well-maintained homes
Potential Uses for 51 Mannakee Street
Residential Development
- Single-Family Home: Build your dream home on this spacious lot, surrounded by mature trees and manicured lawns.
- Multi-Family Housing: Construct townhouses or apartments to meet the growing demand for rental properties in Rockville.
- Assisted Living Facility: Cater to the needs of seniors with a state-of-the-art assisted living facility.
Commercial Development
- Business Headquarters: Establish your company’s headquarters in a prestigious location with ample parking and visibility.
- Medical Center: Open a medical clinic or urgent care facility to serve the local community.
- Retail Store: Start a retail business in a high-traffic area with convenient access for customers.
Recreational Development
- Community Center: Create a gathering space for community events, fitness classes, and after-school programs.
- Public Park: Designate a portion of the land for a public park, providing green space and recreational opportunities for residents.
- Private Pool or Tennis Court: Build a luxurious outdoor amenity for your family’s enjoyment.
Strategies for Maximizing Value
- Conduct a Market Analysis: Determine the highest and best use of the property based on current market conditions and development trends.
- Seek Professional Advice: Consult with architects, engineers, and real estate professionals to optimize your development plans.
- Consider Green Features: Incorporate energy-efficient appliances and sustainable materials to appeal to environmentally conscious buyers and tenants.
- Network with Local Businesses: Establish relationships with local businesses and organizations to promote your project and generate interest.
- Utilize Social Media: Leverage social media platforms to showcase the property’s unique features and generate buzz.
Frequently Asked Questions
Q: What is the zoning of the property?
A: The property is zoned R-20 (Residential).
Q: Are there any building restrictions?
A: Building restrictions vary depending on the specific development plan. It is advisable to consult with the city planning department for detailed information.
Q: What is the average property tax rate in Rockville?
A: The average property tax rate in Rockville is 1.15%.
Q: Is there a homeowners association for the property?
A: No, there is no homeowners association for 51 Mannakee Street.
Q: What is the best way to get more information about the property?
A: Contact a licensed real estate agent or visit the city’s website for more details.
Conclusion
51 Mannakee Street Rockville MD 20850 is an exceptional property with a wealth of potential. Whether you’re seeking a residential, commercial, or recreational development, this versatile property offers endless opportunities to customize and realize your vision. By following the strategies outlined above and leveraging the resources of the Rockville community, you can unlock the full value of this prime address.
