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300-304 E Diamond Ave 6,848 SF 100% Leased Retail Building Gaithersburg, MD 20877 $1,800,000 ($262.85/SF)
INVESTMENT HIGHLIGHTS
- Highly visible location.
EXECUTIVE SUMMARY
300, 302, & 304 East Diamond Avenue is a landmark retail property located at the lighted intersection of East Diamond and North Summit Avenues, Historic Gaithersburg’s “main and main”. This 6,848 square foot structure has been renovated and updated on multiple occasions and currently comprises three separate tenancies, with the flexibility to accommodate up to four separate tenant suites.
300 E. Diamond, the end cap located on the hard corner of E. Diamond and Summit was originally constructed in 1891 for The First National Bank of Gaithersburg (though not designated “historic”). This single-tenant space is approximately 3,095 square feet and is currently occupied by a T-Mobile retailer.
302 & 304 E. Diamond consists of approximately 3,753 square feet on two levels and is currently 100% occupied by a Law Firm and a Performance Arts studio; however, is designed to accommodate 2-3 separate tenant suites.
300 E. Diamond, the end cap located on the hard corner of E. Diamond and Summit was originally constructed in 1891 for The First National Bank of Gaithersburg (though not designated “historic”). This single-tenant space is approximately 3,095 square feet and is currently occupied by a T-Mobile retailer.
302 & 304 E. Diamond consists of approximately 3,753 square feet on two levels and is currently 100% occupied by a Law Firm and a Performance Arts studio; however, is designed to accommodate 2-3 separate tenant suites.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,848 SF
Building Class
B
Year Built
1892
Price
$1,800,000
Price Per SF
$262.85
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.63
Lot Size
0.25 AC
Zoning
CBD - Central Business District
Frontage
AMENITIES
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-00818063 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,372,533 |
PROPERTY TAXES
Parcel Number
09-00818063
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,372,533
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300-304 E Diamond Ave
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