Discover a prime investment opportunity with this expansive 2.44-acre parcel of land, perfectly positioned for future development or long-term appreciation. This versatile lot offers ample space for a variety of projects, whether you're considering residential development, or holding for future value increase. With no existing structures, investors can capitalize on the freedom to design and build according to market demand. The property's size and location provide significant potential for maximizing your return on investment. Strategically located near key transportation routes, this land ensures easy access for future residents, enhancing its desirability. The absence of association fees and restrictions allows for greater flexibility in your investment strategy. Seize this opportunity to secure a valuable asset in a growing area-perfect for savvy investors looking to diversify their portfolio and capitalize on land appreciation.
Vacant landProperty Type
2.44 acresLot Size
$184,016Price/Acres
Listed by Joshua Waxman• Long & Foster Real Estate, Inc.
TITLE ISSUE. SOLVED. BACK ON THE MARKET - SEE GENERAL REMARKS.
Public Records
Jan 11, 1995
Sold
$300,000
Public Records
Feb 2, 1988
Sold
$644,000
Public Records
Dec 29, 1983
Sold
$2,999,700
Year
Property tax
Land + Additions
Assessment*
2026
$1,384
$120,100
2025
$1,383
$120,100
2024
$1,383 (+4.3%)
$120,100
2022
$1,325
$120,100
2021
$1,324
$120,100
2020
$1,325
$120,100
2019
$1,324 (−0.2%)
$120,100
2018
$1,327
$120,100
2010
2009
$1,126
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
—
Lot depth
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Lot size
7.51 Acres
Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Montgomery County
APN
08 00701395
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Oct 14, 2026.
RE-2
Residential Estate - 2 Zone
The intent of the RE-2 zone is to provide designated areas of the County for large-lot residential uses. The predominant use is residential in a detached house.
Permitted uses
Include but are not limited to:
Agriculture-Other
Religious facility
Housing-Single unit
Housing-Senior
Infrastructure-Other
Public service
Kennel
Transportation-Other
Park & open space
Local insights from Redfin agents
You will love living in Olney, MD; a wonderful place with a small town feel!. The heart of Olney is where Georgia Ave and Route 108 meet. Parks, entertainment, supermarkets and wonderful dining options are plentiful in this AMAZING community. Your...