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18200 Hillcrest Ave 2,620 SF 100% Leased Office Building Olney, MD 20832 $850,000 ($324.43/SF)
Investment Highlights
- CRT zoning accommodates a range of commercial uses and future redevelopment options.
- Located within a dense retail hub surrounded by national brands and strong daily traffic.
- Established trade area with average household income exceeding $170,000 within a five-mile radius.
- Convenient access to ICC, I-270, and I-95, ensuring excellent connectivity across Montgomery County and Washington, D.C.
- On-site parking available to support business operations.
- Historic character with flexible interior layout for office or service-oriented occupancy.
Executive Summary
This .26-acre property at 18200 Hillcrest Avenue in Olney, Maryland offers a unique redevelopment or owner-occupant opportunity in a well-connected suburban market. Zoned CRT, the site supports a variety of commercial uses and is improved with a two-level building totaling approximately 2,620 rentable square feet along with on-site parking. The property’s location within the heart of Olney’s retail and service corridor provides strong visibility and walkability.
Positioned near major transportation routes, including the Intercounty Connector (ICC), I-270, and I-95, the property offers direct commuter access across Montgomery County and into Washington, D.C., making it highly accessible for both patients, customers, and employees. The surrounding neighborhood features a dense mix of commercial amenities, national retailers, and dining establishments, all within minutes from the property. An affluent demographic base, with average household income of $171,872 within a short radius, enhances both consumer spending and long-term value. Priced at $850,000, this property represents an exceptional investment in a thriving submarket with long-term growth potential.
Positioned near major transportation routes, including the Intercounty Connector (ICC), I-270, and I-95, the property offers direct commuter access across Montgomery County and into Washington, D.C., making it highly accessible for both patients, customers, and employees. The surrounding neighborhood features a dense mix of commercial amenities, national retailers, and dining establishments, all within minutes from the property. An affluent demographic base, with average household income of $171,872 within a short radius, enhances both consumer spending and long-term value. Priced at $850,000, this property represents an exceptional investment in a thriving submarket with long-term growth potential.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,620 SF
Building Class
C
Year Built
1900
Price
$850,000
Price Per SF
$324.43
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,310 SF
Slab To Slab
8’
Building FAR
0.23
Lot Size
0.26 AC
Zoning
CRT - In Montgomery County, CRT stands for Commercial Residential Town. It is a flexible, mixed-use zoning classification meant for small, pedestrian-oriented town centers and community edges.
Parking
8 Spaces (3.05 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-00720946 | Improvements Assessment | $344,900 |
| Land Assessment | $338,900 | Total Assessment | $683,800 |
Property Taxes
Parcel Number
08-00720946
Land Assessment
$338,900
Improvements Assessment
$344,900
Total Assessment
$683,800
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18200 Hillcrest Ave
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