Olney MD Real Estate & Commercial for Sale

Versatile CRT-2 Zoned Property in the Heart of Downtown Olney - Live, Work, or Both! Unlock the potential of this charming and freshly updated property located in the vibrant core of downtown Olney. Zoned CRT-2 (Commercial Residential Town), this flexible space is ideal for a small business, professional office, or a cozy live/work setup.Step inside to find 2 spacious bedrooms or private offices, a full bath, and a light-filled kitchen ready to accommodate daily living or client hospitality. A large enclosed back porch/mudroom adds additional usable space, perfect for storage, waiting area, or a break room. The property features: Fresh paint throughout Brand new carpet Detached 1-car garage Paved parking for up to 5 vehicles Prominent visibility and easy access in a high-traffic area Whether you're launching a boutique business, moving your practice closer to your clients, or simply looking for an adaptable investment opportunity, this unique property is a rare find in one of Olneys most desirable commercial/residential corridors. Schedule your private tour today and imagine the possibilities!

This unique property is currently used as both a medical office and a residence. Located off the main road in Olney, MD, it offers excellent business exposure. Additionally, the property is situated between two other Special Exception properties: a veterinary office and an assisted living facility. It is also located just a quarter mile from MedStar Hospital, making it especially attractive as a healthcare office. The property offers a truly special and serene atmosphere, serving as both a primary residence and a healthcare office-currently home to a chiropractor. Situated on one acre of land in central Olney, it is nestled in a thriving community along the well-traveled Route 108. The primary residence spans approximately 3,526 square feet and includes four bedrooms and four bathrooms. The office portion of the property offers an additional 1,710 square feet. The home features a 2-car garage, a family room, a living room, a formal dining room, and ample outdoor space for entertainment. There is also plenty of parking available for visitors. The property consists of two wings built in 1945 and 1993, respectively. While zoned as residential, it offers great potential for conversion into various property types by right, including a Bed & Breakfast, embassy, residential care facility, house of worship, and several other options. Permitted uses by right include: Bed & Breakfast One-family detached dwelling unit Embassy Farm tenant dwelling/mobile home Small group home Mobile home (permanently attached) Public utility buildings or other public uses Adult foster care home Residential care facilities (up to 8 persons) Ambulance/rescue squad/fire station Childcare facility Houses of worship Opportunity housing projects Libraries/museums Parks/playgrounds Agricultural uses/farm market