8404 Georgia Ave 3,701 SF Office Building Silver Spring, MD 20910 $1,750,000 ($472.85/SF)
INVESTMENT HIGHLIGHTS
- 2 On-Site Parking Spaces Behind the Building | Potential for a Partial 2nd-Level Roof Deck
- Along a Heavily Trafficked Commercial Corridor | Almost 40,000 VPD
- Within 2 Blocks of the Silver Spring Metro Station, Future Purple Line Light Rail Station, MARC Train Station, & Numerous Bus Lines
- Delivered Vacant at Closing | Owner-Occupied by a Multigenerational Law Firm for Decades
- Highly Accessible Transit-Friendly Location | 1 Block from a 1,684-Space Public Parking Garage
EXECUTIVE SUMMARY
Feldman Ruel is pleased to offer for sale 8404 Georgia Avenue, a two-level retail/office property located in the heart of Downtown Silver Spring. The subject property is prominently situated at a signalized intersection on Georgia Avenue, a major artery connecting Washington, D.C. and the Montgomery County suburbs. The site is heavily trafficked by both vehicles and pedestrians in a live-work commercial district known for round-the-clock dining, shopping, and entertainment. The site is two blocks from the Metro Red Line and MARC Silver Spring station, two blocks from two future Purple Line stations, and one block from a public parking garage. Larger than most area retail, the subject property consists of a street level and a second level; two private parking spaces behind the property are accessed by an alley. The property is delivered vacant. Most recently used as an office, the property’s by-right uses also include retail, restaurant, cultural or religious institution, day care, and medical/dental clinic. In line with Montgomery County’s master plan, multifamily projects are bringing more residents to the transit-friendly neighborhood, which abuts the D.C. border. The site’s CR 5.0 zoning allows for future development up to 16,815 SF and 260 feet in height.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
3,701 SF
Building Class
C
Year Built
1938
Price
$1,750,000
Price Per SF
$472.85
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,851 SF
Building FAR
1.10
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
CR-5.0 C-5.0 R-5.0 H-260 - Commercial residential zoning.
AMENITIES
- 24 Hour Access
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
2 Story Building with 2 parking spaces available immediately. • 2,618 SF Street Level • 1,083 SF Second Level
2 Story Building with 2 parking spaces available immediately. • 2,618 SF Street Level • 1,083 SF Second Level
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,618 SF | Office | Full Build-Out | 30 Days |
| 2nd Floor | 1,083 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 2,618 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 1,083 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1 of 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 13-01045140 | Improvements Assessment | $557,000 |
| Land Assessment | $349,500 | Total Assessment | $906,500 |
