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- LoopNet Team
11 Arch Pl
Gaithersburg, MD 20878
Colonnade at Kentlands · Multifamily Property For Sale
·
296 Units
Executive Summary
Beautifully built wine bar and cafe with high end finishes and a retail beer and wine license. Second generation restaurant. Casual dining area, nice kitchen, lots of equipment and furniture. Very well maintained building. Currently no exhaust system in place but venting is possible. Perfect Opportunity for a Cafe user to build equity while running their business or purchase and lease for stable income. Local area's average rental rate for retail is $27/SF NNN. At list price, this property would generate $36,018/yr in rental income or produce a 7.4% return per year. $175,000 was put into the initial renovation In the middle of 297 high end residential units called The Colonnade at Kentlands. Heavily saturated housing market within 5 mile radius.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Double Vanities
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Built-In Bookshelves
- Instant Hot Water
- Patio
- Porch
- Recreation Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Center
- Pool
- Sauna
- Media Center/Movie Theatre
- Elevator
- Smoke Detector
Listing ID: 8934894
Date on Market: 8/31/2017
Last Updated:
Address: 11 Arch Pl, Gaithersburg, MD 20878
The Multifamily Property at 11 Arch Pl, Gaithersburg, MD 20878 is no longer being advertised on LoopNet.com. Contact Long & Foster Real Estate, Inc. for information on availability.
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