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101 Chestnut St
Gaithersburg, MD 20877
Chestnut Court Condominium · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • LongTerm Government Contractor Tenant
  • HUBZone Location
  • Turnkey Investment Property
  • Opportunity Zone Location

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 and excellent opportunity for a long term tenant Government Contractor or an Owner/User Government Contractor who needs that location status. Cap rate includes estimated tax benefits in the calculation. Great long term stable investment opportunity or excellent Owner Occupied opportunity.

PROPERTY FACTS

Property Type Office
Property Subtype
Medical
  • Office Medical
Building Class B
Lot Size 0.13 AC
Rentable Building Area 11,251 SF
No. Stories 2
Year Built/Renovated 1984/2016
Parking Ratio 4.09/1,000 SF
APN / Parcel ID
09-02183891
  • 09-02183960
Zoning RB, County - Residential Buffer

AMENITIES

  • 24 Hour Access
  • Courtyard
  • Signage
  • Kitchen
  • Central Heating
  • Fully Carpeted
  • Natural Light
  • Reception
  • Secure Storage
  • Drop Ceiling
  • Wi-Fi
  • Air Conditioning
  • Listing ID: 19351799

  • Date on Market: 4/27/2020

  • Last Updated:

  • Address: 101 Chestnut St, Gaithersburg, MD 20877

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