8241 Georgia Ave - Storefront Retail/Office FOR SALE


Silver Spring, MD 20910- Downtown Silver Spring
$5,000,000 USD
301-793-8901
8241 Georgia Ave, Silver Spring, MD for Sale
$5,000,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 6.41% Cap Rate

8241 Georgia Ave
Silver Spring, MD 20910
Downtown Silver Spring


HIGHLIGHTS

  • 100% Leased Retail Building For Sale
  • 1 block away from Future Purple Line Metro Station
  • Located at corner of Georgia Ave. and Thayer Ave.
  • Upside potential in rents as leases roll.
  • Fully sprinklered.

OVERVIEW

FULLY LEASED RETAIL BUILDING FOR SALE of 19,495 s.f. of rentable sq. ft. on three levels plus core space in the lower level containing building sprinklers, electric and other building components. Divided up into 7 separately demised spaces. Site at corner of Georgia Avenue and Thayer Avenue. There is retail signage along both streets. The building is fully sprinklered, contains an elevator and two stairways or direct walk in access to all spaces. Each space except unit #1 has wheelchair accessibility. There is a flat membrane roof, painted masonry, ceramic tile, glass and Ipe exterior walls, aluminum double pain framed windows and multiple roof mounted gas fired package units with electric AC. See marketing package attached with limited financial details. Seller is requesting potential buyers sign and return to Larry@cirealty.net the non disclosure agreement to be provided full financial details. Cooperating agents welcome to participate, call for details.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

6.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CR

APN/PARCEL ID

13-01042875

ASK ABOUT THIS PROPERTY

Larry RosenCommercial & Investment Realty Associates, LLCMore Info
301-793-8901

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Larry RosenCommercial & Investment Realty Associates, LLCMore Info
301-793-8901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.