611 Sligo Ave - Storefront Retail/Office FOR SALE


Silver Spring, MD 20910- Silver Spring Park
$795,000 USD
301-793-8901
611 Sligo Ave, Silver Spring, MD for Sale
$795,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

Apr '25


611 Sligo Ave
Silver Spring, MD 20910
Silver Spring Park


HIGHLIGHTS

  • Ideal Owner User Building

OVERVIEW

IDEAL FOR OWNER OCCUPANT BUYER OR RE-DEVELOPMENT: The building is currently vacant. If a lease has not been signed first, this would be an ideal owner occupant purchase for a user. IMPROVEMENTS: This is a highly visible retail/office building located on Sligo Avenue between Fenton Street and Piney Branch Road. Occupant can have signage along the street or on the face of the building. Owner is currently remodeling the property. First and second floors will have all new: windows, bathrooms, laminate floors, fully functioning air conditioning and heat, paint and more. There is also plenty of on-site parking spaces and free on street parking. FIRST FLOOR & BASEMENT: First floor, with +/- 9’ ceilings, contains 5 individual rooms and a large rear area. There is access to the basement through an interior stairway or direct access from the rear parking lot. The basement is unfinished with +/- 6’9” ceilings and ideal for storage. SECOND FLOOR OFFICE: The second floor is completely remodeled with new windows, new laminate floors, new bathroom with shower, hookup for an additional sink and painted. 8’2” ceiling height. REAR PARKING LOT: There is a large paved rear parking lot that is ideal for the occupants use. ZONING: CRT zoning, a wide variety of commercial uses are allowed in this zoning. Ideal for service uses, retail or office uses. .75 FAR for commercial uses. So the building could be expanded to about +/- 5,000 s.f. REAL ESTATE TAX: 2024 real estate tax is $6,576. LAND / BUILDING: 1,998 s.f. of building above grade, plus lower level and 6,908 s.f. of land. SALE PRICE: $795,000

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$398 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CRT

APN/PARCEL ID

13-00992602

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.