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101 Chestnut St - Chestnut Court Condominium 2,678 SF Office/Retail Condo Unit Offered at $680,000 in Gaithersburg, MD 20877
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 39 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 39 |
Description
2-floor unit with entrance via courtyard.
Sale Notes
Currently home to an active counseling and therapeutic practice, the floor plan adapts readily to a broad range of professional services. The layout functions well as-is for a multi-practitioner practice and is ready for immediate occupancy. Spread across two floors, the unit includes nine enclosed, windowed rooms, with one classroom and a dedicated reception area, two kitchen areas with one on each floor, and a bathroom on each level. An ample surface parking serves both staff and clients with ease. The property is conveniently located near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza, with straightforward access to Route 355 and I-270. The property is situated within a federally designated Opportunity Zone, which offers investors meaningful capital gains tax advantages on a long-term hold.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 2,678 SF | Office/Retail | $680,000 ($253.92/SF) | - |
Unit 2
| Unit Size |
| 2,678 SF |
| Condo Use |
| Office/Retail |
| Price |
| $680,000 ($253.92/SF) |
| NOI |
| - |
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Unit 2
| Unit Size | 2,678 SF |
| Condo Use | Office/Retail |
| Price | $680,000 ($253.92/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 39 |
| Description | |
| 2-floor unit with entrance via courtyard.</li></ul> | |
| Sale Notes | |
| Currently home to an active counseling and therapeutic practice, the floor plan adapts readily to a broad range of professional services. The layout functions well as-is for a multi-practitioner practice and is ready for immediate occupancy. Spread across two floors, the unit includes nine enclosed, windowed rooms, with one classroom and a dedicated reception area, two kitchen areas with one on each floor, and a bathroom on each level. An ample surface parking serves both staff and clients with ease. The property is conveniently located near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza, with straightforward access to Route 355 and I-270. The property is situated within a federally designated Opportunity Zone, which offers investors meaningful capital gains tax advantages on a long-term hold.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,251 SF | Typical Floor Size | 1,001 SF |
| Property Type | Office (Condo) | Year Built | 1984 |
| Property Subtype | Medical | Lot Size | 0.13 AC |
| Building Class | B | Parking Ratio | 3.47/1,000 SF |
| Floors | 2 | Opportunity Zone |
Yes
|
| Zoning | RB, City of Gaithersburg - Residential Buffer | ||
| Total Building Size | 11,251 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 1,001 SF |
| Year Built | 1984 |
| Lot Size | 0.13 AC |
| Parking Ratio | 3.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RB, City of Gaithersburg - Residential Buffer |
Amenities
- 24 Hour Access
- Courtyard
- Signage
- Kitchen
- Central Heating
- Fully Carpeted
- Natural Light
- Reception
- Secure Storage
- Drop Ceiling
- Wi-Fi
- Air Conditioning
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| GAS Teachings LLC |
-
|
Jan 0000
|
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Street
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101 Chestnut St - Chestnut Court Condominium
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