PRICE ADJUSTMENT! Established, modern 2-level multi-use building located in a prime business location with booming development all around. Prominently situated within walking distance to the all-new multi-phase development; The Parks at Historic Walter Reed with a new Whole Foods Market. The Parks is a major, one billion dollar project in development. Strong potential for increased foot traffic and values as part of the vibrant and progressing Brightwood neighborhood. This turn-key property is subject to one residential lease ending 2/29/2024. The retail space is vacant. The updated storefront unit is built out into a hair salon that originally opened in 1999 and remodeled in 2012. It features a large open space with LVP flooring, modern lighting, 6 stylist stations, an esthetician station, 3 shampoo stations and multiple hair drying stations, a half bath, and a staff lounge/storage area. The upper level offers a fully remodeled open floor plan unit with 2 bedrooms, Den, 1 full bath, an attractive open kitchen with stainless steel appliances (two ovens), granite countertops, large center island with granite, hardwood floors, stacked washer and dryer, trendy metal stair railing â urban charm! The exterior offers a large private deck, 1 parking space in the rear of the building and ample street parking. There is also a basement area where the utilities are housed. Units are separately metered. This offering is a rare opportunity to acquire a self-sufficient real estate investment with strong property management. Are you a seasoned stylist or barber and ready to step into your destiny of salon ownership â do not miss this fantastic opportunity! Become an owner occupier, live upstairs and work while running your salon or other business downstairs. Property being sold AS-IS. Weekend showings require 24 hoursâ notice. All showings by appointment.
Prime Location! Rare Gem! Great Investment Opportunity! Only 5 Units Left! Grab this Portfolio Deal at a Special PriceâAvailable Only for Closings in September! Bright and Spacious New Development Opportunity in desirable Shepherd Park. Own your future residence with modern touches at a special launching price. Great investment value! This stylish Green Building is situated just beside the beautiful new 66-acre development at Walter Reed, with retail, entertainment, hotel, office, health care, schools, and 22 acres of parks and plazas. Situated in a vibrant part of the city with the comfort of modern living! MESKEN 1103 offers great living spaces surrounded by shops, restaurants, parks, and accessible transportation. Each of the ten condos has been designed to be functional and make the best use of the space. Experience urban convenience with a neighborhood feel in your new place. This is your chance to reserve your new home! Pics for the Model Home!
This new construction build is situated on a .05-acre lot, amassing six stories with a rooftop deck. Included in the 8,276 Square Feet of rentable space are six bi-level units and two penthouse each with a separate rooftop deck. Each of the eight units are delivered with condo level finishes including granite countertops, stainless steel appliances, custom granite tops, and much more. The property also comes with two parking spaces for future tenants. A buyer can achieve a NOI of approximately $219,283 in year 1, which operates at a 6.64% Cap Rate based off the sales price. This investment also yields a 15.76% 5- year levered return, which is highly attractive in todayâs market. Future appreciation based off of the corridorâs revitalization should also be considered when analyzing this investment. Since 2000, the median household income in the area has increased by 97.4%. The average household income in 2022 for this corridor is $145,000, approximately 50% higher than the U.S. average. With dozens of development projects set to be completed over the next few years, Brightwood is set to become a retail hot bed, with new commercial real estate being developed on Kennedy Street, and at the Fort Totten metro (five blocks away). The Kennedy Street corridor is a designated âGreat Streetâ corridor that is bolstered by new residential and commercial development. In addition to its recent residential building boom, Kennedy Street offers a mix of independent retailers, restaurants, and specialty grocers. This site is located two miles away from âThe Park at Walter Reed, a 66-acre redevelopment of the former Walter Reed Army Medical Center. This Park will include 3.1 million square feet of mixed-use development.
Shovel-ready investment opportunity. Just a 5 minute walk to Rhode Island Ave - Brentwood Metro station, and entertainment such as Van Gogh: The Immersive Experience, Metrobar Beer Garden and many more boutique shops and restaurants in the Brookland neighborhood. This is an excellent opportunity for an investor who wants to capitalize on the hot Brookland market. Buyer can purchase the building AS-IS. General Contractor is in place for the build or bring your own. Please contact Elizabeth Benitez for showings and questions.
FULLY LEASED - INVESTMENT BUILDING FOR SALE 5,843 Sq. Ft. 8216 Georgia Avenue Silver Spring, Maryland 20910 TENANT: Entire property is leased to Third Hill Brewing Co. through February 28, 2029. There are 15% rental increases every 5-year period. Tenant has 2 five-year options to extend. This is a NNN lease except landlord covers the fire insurance cost. Tenant pays real estate tax, utilities, all maintenance including roof, structure, HVAC and other interior components. SQUARE FEET: 5,843 s.f. of building at street level. The property contains +/- 7,062 square feet of land. SALES PRICE: $4,000,000 5.8% cap rate REAL ESTATE TAX / INSURANCE: 2023 real estate taxes of $22,045 paid by tenant & building insurance of $1,482 paid by landlord. IMPROVEMENTS: This is a single level in-line cinderblock and brick retail building facing Georgia Avenue in downtown Silver Spring. There are multiple access points from the front, side and rear. The space is wheelchair accessible from a ramp along the side of the building and the building is sprinklered. The primary structure was built around 1922, however in 2017 the building was gutted and completely redesigned for its current use and brought up to code. There are two HVAC package units (10 ton and 5 ton) with gas fired furnace heat and electric A/C on the roof and interior ductwork providing central heat and air. The floors are smooth concrete. The roof is a white TPO rubber system with R-25 rigid insulation. The interior is designed in sections that include the large Tap Room in the front along Georgia Ave., the large rear Brewery Room, exterior dining/gathering area, a kitchen, two large bathrooms, large walk-in cooler, office, storage and trash room. The Tap Room contains seating for +/- 60 people with plenty of additional standing room as well, along with exterior elevated seating with a full canopy above with 4 large tables that can accommodate an additional +/- 24 people. The Tap Room has a bar / counter, 16 beer taps, hand sink, dishwashing station, customer water dispenser and two large glass panel roll up doors that provide an open and airy sensation to the space. There are high ceilings throughout the building. The large Brewery Room contains multiple stainless steel fermenter tanks and brewing equipment. This area has high ceilings, skylights, floor drain, storage, etc. There is a large open area allowing people to gather and view the activities within this space. There is a Kitchen area (+/- 216 s.f.) for assembling of prepared foods. This room contains 4 refrigerators, 3 compartment sink, 2 handsinks and counters. There is no hood system. There is a large walk-in cooler (+/- 400 s.f.) for storage of kegs and other beverages. SECURITY AGREEMENT: In the event of a default under the lease by tenant, landlord holds a lien on tenantâs equipment. A full list of the secured items can be provided as needed.
Excellent investment opportunity to own a mixed-use property in the rapidly growing Brightwood submarket in NW Washington D.C., just one mile from the coming Parks at Walter Reed Development. The property features 1,140 square feet of leasable retail space below, with a separate front entrance for 2,605 square feet of residential space above (currently 4 units). The propertyâs favorable MU-4 zoning will allow you to execute a condo conversion easily. Reach out today to learn more about this rare investment opportunity!
30-unit apartment building under construction in Petworth on hot Kennedy Street. Site work is in progress with projected delivery in Spring of 2024. Plans are for a high-end design with modern finishes, ideal for condo resale, or can be a long-term hold as apartment residences.
Downtown Silver Spring Value-Add Mixed-Use Redevelopment in Opportunity Zone Purchase an office building in a newly up-zoned Commercial Residential Zone, in close proximity to Metro rail and Metro bus on well-traveled Eastern Avenue bordering Washington, DC. Property sits in a Priority Funding Area and benefits from recent expansion of uses per 2022 Amended Comprehensive Plan through the Silver Spring Downtown and Adjacent Comprehensive Plan. The amended plan allows for a 4 FAR or 24, 000 SQFT building potential. The building is currently 16,000+/- SQFT. Additionally, approved Zoning Code Amendments make this location ripe for repositioning or redevelopment. Approved transit and roadway improvements are value-ads, as they will allow for greater connectivity throughout the 8 distinct districts making up Downtown Silver Spring. Moreover, environmentally and security-focused design on the multi-modal trails/paths and roadways have an emphasis on storm water management and cooling roadways mechanism like right of way rain gardens, and expansion of tree canopy on pedestrian connector roads, sidewalks and roadways. Recently passed Montgomery County legislation will allow greater density in the split-zoned (CR-3, C-3, R-3, and H-125) location. Proximity to the abutting Kennett Street Garage & Parking Lot opens up opportunity for multiple redevelopment possibilities to include: Institutional Uses Residential Health Education Philanthropic Cultural Charitable Specialty Uses Family Day Care Hospital Educational Private Club/Service Organization Religious Assembly Restaurant Hotel/Motel Dental Labs Research and Development (R&D) Health Club Radio Facility
BEER, WINE AND DELI. NICE NEIBORHOOD, SELLER WANT TO RETIRE. POSSIBLE OWNER FINANCING, OVER $480,000 GROSS SALE - 2023, ABOUT 2,000 SQ FT, **** LOW RENT*** CLOSE TO 495, RT 29, HOLY CROSS HOSPITAL.
IMPORTANT - The properties are unsafe to tour. There is no lock box, and one will not be put on. Interested parties can walk the perimeter of the properties. These properties are being sold for a redevelopment whereby the properties are demolished. MAC Realty Advisors, as exclusive agent, is pleased to present the opportunity to acquire 5808, 5810 & 5812 Georgia Avenue in Northwest Washington, DC. The Property is located in the Sixteenth Street Heights neighborhood in northern DC and is currently improved with a mix of commercial and retail buildings in currently unusable condition. The Site comprises a total of 4,221 square feet of land across two adjoining parcels, all zoned MU-7B, allowing for a multifamily, mixed-use development project up to 20,261 gross square feet. The Property is conveniently located just South of the intersection of Georgia Avenue NW and Missouri Avenue NW, providing access to the best East-West thoroughfare in the District north of Petworth. The Propertyâs positioning on Georgia Avenue provides high traffic visibility and a short commute to Downtown Washington, DC, Silver Spring, and Bethesda. The Property is also located just one mile south of the Parks at Historic Walter Reed, which will provide residents of the Upper Georgia Avenue submarket (Sixteenth Street Heights, Brightwood, Takoma) additional Class A amenities.
Building is in the active and very hot Tech Road corridor of Silver Spring, Maryland. There's a 7 million sq. ft. pending mixed use project nearby called Viva White Oak, which is slated to be life sciences, retail, and luxury residences. Also, the 7th Day Adventist Hospital is a few blocks away, and the new Amazon Fresh shopping center is one block away. The building is 1/2 mile from Chik-Fil-A, Panera, IHOP, TGI Fridays, Five Guys, etc., and is a block from the Silver Spring MVA and emissions test center. Tesla recently opened a facility close by, and there are almost 8 acres presently under construction nearby with luxury condos. The building is office space on the vacant second floor. Half of the second floor was most recently occupied by Eagle Bank, and the other half was most recently occupied by a limousine company. The bottom floor is completely leased to Hoffmaster's Auto Repair, a florist, and a printer.
Welcome to your new office space at the Lanham Professional Center, located on the 2nd floor of a modern commercial condo. This suite features three spacious offices, ideal for individual workspaces or meeting rooms, and private bathroom. Clients will appreciate the convenience of dedicated parking, ensuring easy access for all visitors. The location offers excellent connectivity, with direct access to I-495, facilitating effortless commutes and business travel. Additionally, the proximity to a variety of local commercial establishments provides ample opportunities for dining, shopping, and other professional needs. This office space combines functionality, convenience, and a prime location to support the growth and success of your business.
Seller is selling both units 501A and 502A together for a combined 1,936 sq. ft. unit with 2 deeded parking spaces at 8607 2nd Avenue, Silver Spring, Md. 20910 for $725,000 or $374 p.s.f. These units have the most desirable location in the park as they face 2nd Avenue and the elevator is next to the unitâs front doors. These units are ideal for a use needing large open rooms or one can build offices to suit their needs. The largest room currently is +/- 600 s.f. additionally the space contains 2 large offices/conference rooms, 1 office, 1 large open area, kitchenette with 2 sinks / counter and cabinets space, 2 bathrooms and storage space. There are 2 separate HVAC units providing the unit with 24/7 temperature control. The unit conveys with two deeded parking spaces in the building and the County garage is about a block away. The monthly condo fees are $502 for unit 501 and $521 for unit 502. The current owner is a nonprofit entity and doesnât pay real estate taxes. As an estimate only, we estimate the property taxes at +/- $3,750 for each unit. The complex has two elevators, which allows for wheelchair access. Occupant can place office trash in the dumpster located in the rear of the parking area. CR zoning permits a wide variety of commercial uses. See floor plan in the pictures. Call Agent for full marketing package.
Very attractive unit with 9â ceilings! This unit is divided up into 4 offices, reception area, built in file/storage/counter area, kitchenette, 1/2 bath and more. The common hallways have laminate flooring, offices have carpet floors and bathroom is tiled. 24/7 access and control of HVAC. The unit has its own separate heat pump, air handler, water heater and electric meter. The space has a very attractive appearance and has an alarm. Delivered vacant at closing. This sale includes a deeded parking space in the complex, space P-9. Only $275,000 ($355 p.s.f. AND includes 1 deeded parking space) County assessed value is $283,700. 2024 real estate tax for condo unit and parking space is $3,482 and the monthly condo fee is +/- $435 per month.
Seller is selling both units 501A and 502A together for a combined 1,936 sq. ft. unit with 2 deeded parking spaces at 8607 2nd Avenue, Silver Spring, Md. 20910 for $725,000 or $374 p.s.f. These units have the most desirable location in the park as they face 2nd Avenue and the elevator is next to the unitâs front doors. These units are ideal for a use needing large open rooms or one can build offices to suit their needs. The largest room currently is +/- 600 s.f. additionally the space contains 2 large offices/conference rooms, 1 office, 1 large open area, kitchenette with 2 sinks / counter and cabinets space, 2 bathrooms and storage space. There are 2 separate HVAC units providing the unit with 24/7 temperature control. The unit conveys with two deeded parking spaces in the building and the County garage is about a block away. The monthly condo fees are $502 for unit 501 and $521 for unit 502. The current owner is a nonprofit entity and doesnât pay real estate taxes. As an estimate only, we estimate the property taxes at +/- $3,750 for each unit. The complex has two elevators, which allows for wheelchair access. Occupant can place office trash in the dumpster located in the rear of the parking area. CR zoning permits a wide variety of commercial uses. See floor plan in the pictures. Call Agent for full marketing package.
Discover the endless possibilities with this exceptional C2A zoned property! price decreased $150,000! Currently operating as a gift shop on the main street level and featuring a 3-4 bedroom 2 full baths apartment on the upper level, this unique opportunity allows you to own your business and live conveniently upstairs. Additional features include a basement for storage and a 3-car private parking pad at the rear. Strategically located in the corner of Georgina Ave and Delafield Place NW, in the vibrant Patworth neighborhood. This property is in the heart of Washing DC. Don't miss out on the incredible change to thrive in one of the city's most dynamic areas!
Located in the lively Petworth neighborhood of Washington, D.C., 4811 Georgia Ave is a developer's dream, poised at the drywall-ready stage with the bulk of construction already in the rearview. This project boasts 10 units, including two exquisite, two-level penthouses with panoramic views, perfectly positioned for upscale living in an area known for its growth and vitality.
DO NOT DISTURB THE FAMILY OR ACCESS THE PROPERTY. All viewings will be scheduled with the listing agent after an offer has been presented. Literally a stone's throw away from Washington, D.C. - Property with 15,477 square feet is zoned CGO (Commercial, General and Office) which is permissible for multifamily and nonresidential properties as well as businesses. The existing property consists of 7 bedrooms, 4 full bathrooms, living and dining rooms, brick fireplace and a large eat-in kitchen with an oversized storage room. The property has like new hot water heater and windows all around with a large basement and a huge storage room. An additional connected brick building on the property with its own front and back entrance and brick terrace around the back offers' potential for additional rental income. There is also a 24X24 storage house with 2 windows that can be negotiated with the sale. Tear down and rebuild the current structure(s) and build your own multi-unit or commercial business. Property is in an Enterprise Zone - The Maryland Department of Commerce (COMMERCE) identifies and maintains boundaries where business may be eligible for income tax and real property tax credits for job creation and investments. Businesses may be eligible for the following tax credits: real property tax credits and income tax credits.
BEAUTIFUL PROPERTY, ZONED COMMERCIAL FOR MIXED USES. VERY WELL LOCATED, CLOSE TO WASHINGTON DC AND OTHER MAJOR ROADS. PLEASE CALL LISTING AGENT FOR ANY QUESTIONS. LISTING AGENT HAS FINANCIAL INTEREST OM THE PROPERTY
This property is apart of a portfolio sale, that includes 4721 Sheriff Road NE MLS# DCDC2136286 and 930 47th Place NE MLS#DCDC2136296. ALL THE PROPERTIES MUST BE PURCHASED TOGETHER.
Prime retail space available For Sale & Lease at 4422-4424 Georgia Avenue NW, Washington, DC. This 4,626 SF, two-floor unit offers direct street access in a mixed-use building, making it an ideal location for a variety of businesses. Perfect for a coffee shop, medical practice, urgent care, dental care, daycare, day spa, or home design store. Located at a signalized corner lot at 4422-4424 Georgia Avenue NW, Washington, DC 20011, this retail property offers high visibility by 26000 vehicles per day. Just minutes from the Georgia Ave-Petworth Metro Station and Safeway, it's easily accessible for both pedestrians and commuters. The area has a population of 179,207 with an average household income of $190,448, making it an ideal location for retail businesses seeking strong community engagement and exposure.
