Silver Spring MD Real Estate & Commercial for Sale

IMPROVEMENTS/PARKING: Very attractive unit facing 2nd Avenue and easily accessible right off the elevator! This unit is divided up into 3 - 4 offices, reception area, kitchenette, 1/2 bath and more. The common hallways and offices have either hardwood or laminate flooring. 24/7 access and control of your own HVAC. The unit has its own separate heat pump, air handler, water heater and electric meter. Very attractive and comfortable appearance. Ready for quick occupancy. The trash dumpster is located in the rear of the parking area. Ideal for an owner user, as the space will be vacant at settlement. This sale includes 1 covered parking space in the complex, space P-14. ZONING: CR zone. A wide variety of commercial uses are allowed in this zoning. Ideal for office and service uses. SALE: $349,900 REAL ESTATE TAX / CONDO FEE: 2024 real estate tax $3,826. Current condo fee is $481 / month. LOCATION: The property is located directly across from the Fenwick apartment complex on 2nd Avenue between Spring Street and Fenwick Lane. The Silver Spring Metro Station is 3 blocks from the property. The unit is accessible via stairway or elevator. The future Purple Line station will be 3 blocks from the property once complete. SIGNAGE/COMPLEX: Occupant is allowed signage on the directory signs located as you enter the complex near the elevators and a brass sign on the unit door. The complex has two elevators, which allows for ADA access. LEGAL: Tax Map JN 23, Second Ave. Plaza Phase 1 Subdivision, Block 10, Lot P21, unit 401 & P-14. District 13 Account Numbers 02541795 & 02542312.

If an investor purchased this building once fully leased at the current asking rental rate this would provide approximately an 8% cap rate return. IDEAL FOR OWNER OCCUPANT BUYER OR INVESTMENT: The 2nd floor and rear lot are leased for an office use for the sale of used vehicles. Its a 5-year lease commencing April 1, 2025 with 4% annual increases paying $3,000 a month, plus utilities. Buyer could occupy the first floor and basement or rent it out. IMPROVEMENTS: This is a highly visible retail/office building located on Sligo Avenue between Fenton Street and Piney Branch Road. Occupants can have signage along the street or on the face of the building. Owner is currently remodeling the first floor for the next tenant. 2nd floor is already fully remodeled. First floor will have all new: windows, bathroom, laminate floor, fully functioning air conditioning and heat, paint and more. The first-floor tenant will have on site parking in front of the building and there is also free on street parking. See the floor plans attached. FOR LEASE - 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 +/- 69� ceilings and ideal for storage. This space comes with 3-4 parking spaces in front of the building. Landlord is starting to remodel this space in mid-March. SECOND FLOOR OFFICE: The leased second floor is completely remodeled with new windows, new laminate floors, new bathroom with shower, hookup for an additional sink and painted. 82� ceiling height. REAR PARKING LOT: There is a large paved rear parking lot leased to the 2nd floor tenant. ZONING: CRT zoning, a wide variety of commercial uses are allowed in this zoning. Ideal for service uses, retail or office uses. REAL ESTATE TAX: 2024 real estate tax is $6,576. LAND / BUILDING: 1,998 s.f. of building above grade, plus lower level on 6,908 s.f. of land. LEASE PRICE: First Floor & Basement - $3,000 / month, plus electric and cleaning its own space. SALE PRICE: $795,000

This exceptional 9,700 sq. ft. commercial property in the heart of Downtown Silver Spring offers a prime opportunity for business owners seeking a modern and versatile space. Built in 2010 and currently operating as a retail clothing store, the building boasts three expansive levels designed to accommodate a variety of uses. The lower level is accessible via a stunning oversized staircase, making it ideal for retail, showroom, or creative space. The main level features an open floor plan, perfect for showcasing products in a high-traffic area, while the upper level, with its separate staircase entrance and elevator access, provides an excellent opportunity for office or additional retail use. Located near the Metro, this property ensures effortless access for customers and employees. With its flexible design potential, this dynamic space offers the perfect blend of functionality and visibility. Adjacent to 700 parking space garage coming soon. Schedule a private tour today and see how this prime property can elevate your business!!!

Solid brick corner street two level building with great visibility on Georgia Ave. Private parking for 9 vehicles. Building can be configured for 4 separate units if desired, with two units on lower level and two on upper level. The parking area includes a loading dock. Roof less than 6yrs old...