106-108 E Diamond Ave - Restaurant FOR SALE


Gaithersburg, MD 20877
$1,680,000 USD
240-234-1161
106-108 E Diamond Ave, Gaithersburg, MD for Sale
$1,680,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

106-108 E Diamond Ave
Gaithersburg, MD 20877


HIGHLIGHTS

  • • Rare free-standing restaurant property in Montgomery County for sale
  • • Excellent visibility from both E Diamond Ave and Russell Ave.
  • • Dense surrounding residential population.
  • • Turnkey, mint condition

OVERVIEW

This free-standing restaurant property offers an exceptional investment opportunity in the heart of Olde Town Gaithersburg. The building, which totals 3,060 SF (2,380 SF on the first floor and 680 SF on the lower level), was renovated in 2015 and is currently occupied by Don Jorge's with a lease term through May 2024. Situated on a .39-acre lot, the property is zoned CBD and offers 28+ surface parking spaces. With outstanding visibility from both E Diamond Ave and Russell Ave, the location benefits from an average of 24,755 vehicles passing daily and is within walking distance of the MARC-Gaithersburg Station and a short distance from Route 355 and I-270. Surrounded by a dense residential population, this turnkey property is in mint condition and offers a rare opportunity to acquire a high-visibility, income-generating asset in Montgomery County.

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$549 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

CBD

APN/PARCEL ID

09-01806824

ASK ABOUT THIS PROPERTY

Ben MarksCapStar Commercial RealtyMore Info
240-234-1161

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Ben MarksCapStar Commercial RealtyMore Info
240-234-1161

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