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- LoopNet Team
101 Chestnut St
Gaithersburg, MD 20877
Chestnut Court Condominium · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Renovations include new roof, gutters and repaving of the parking lot.
- This property is located in a Tax advantaged Opportunity Zone creating an attractive long term real estate investment.
- Minutes to 355 and I-270 interchange. Walk to restaruants, retails, and shopping.
- Also located in a Federally Designated HUB Zone area ideal for government contractors.
EXECUTIVE SUMMARY
Beautiful Office Condominium Community located next to the Historic Chestnut Meem District. The Chestnut Condominium community just reinvested in a new roof, gutters, and repaving of the parking lot. Excellent location near Montgomery County Fair Grounds, restaurants, shopping, and very close to both 355 and I-270. This property is located in a tax-advantaged Opportunity Zone creating an attractive long term real estate investment. This property is also located in a Federally Designated HUBZone area which is an excellent opportunity for a long term tenant Government Contractor or an Owner/User Government Contractor who needs that location status. The Cap rate includes estimated tax benefits in the calculation. Great long term stable investment opportunity or an excellent Owner Occupied opportunity.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Courtyard
- Signage
- Kitchen
- Central Heating
- Fully Carpeted
- Natural Light
- Reception
- Secure Storage
- Drop Ceiling
- Wi-Fi
- Air Conditioning
