8404 Georgia Ave - Office FOR SALE


Silver Spring, MD 20910- Downtown Silver Spring
$1,750,000 USD
202-318-6800
8404 Georgia Ave, Silver Spring, MD for Sale
$1,750,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

8404 Georgia Ave
Silver Spring, MD 20910
Downtown Silver Spring


HIGHLIGHTS

  • 2 On-Site Parking Spaces Behind the Building | Potential for a Partial 2nd-Level Roof Deck
  • Delivered Vacant at Closing | Owner-Occupied by a Multigenerational Law Firm for Decades
  • Along a Heavily Trafficked Commercial Corridor | Almost 40,000 VPD
  • Highly Accessible Transit-Friendly Location | 1 Block from a 1,684-Space Public Parking Garage
  • Within 2 Blocks of the Silver Spring Metro Station, Future Purple Line Light Rail Station, MARC Train Station, & Numerous Bus Lines

OVERVIEW

Feldman Ruel is pleased to offer for sale 8404 Georgia Avenue, a two-level retail/office property located in the heart of Downtown Silver Spring. The subject property is prominently situated at a signalized intersection on Georgia Avenue, a major artery connecting Washington, D.C. and the Montgomery County suburbs. The site is heavily trafficked by both vehicles and pedestrians in a live-work commercial district known for round-the-clock dining, shopping, and entertainment. The site is two blocks from the Metro Red Line and MARC Silver Spring station, two blocks from two future Purple Line stations, and one block from a public parking garage. Larger than most area retail, the subject property consists of a street level and a second level; two private parking spaces behind the property are accessed by an alley. The property is delivered vacant. Most recently used as an office, the property’s by-right uses also include retail, restaurant, cultural or religious institution, day care, and medical/dental clinic. In line with Montgomery County’s master plan, multifamily projects are bringing more residents to the transit-friendly neighborhood, which abuts the D.C. border. The site’s CR 5.0 zoning allows for future development up to 16,815 SF and 260 feet in height.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center, Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,363 SF

ZONING

CR-5.0 C-5.0 R-5.0 H-260

APN/PARCEL ID

13-01045140

ASK ABOUT THIS PROPERTY

Josh FeldmanFeldman Ruel Urban Property Advisors, LLCMore Info
202-318-6800

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Josh FeldmanFeldman Ruel Urban Property Advisors, LLCMore Info
202-318-6800

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