OWNER USER or INVESTMENT BUILDING - FOR SALE 18,753 Square Foot - Office Building – Class “A” Finishings 912 Thayer Avenue, Silver Spring, Maryland 20910 SALES PRICE: Option 1) $3,800,000 at 5.7% cap rate based on current 2025 current revenue with 24.7% (4,607 s.f.) of the building available for lease. When fully leased this building will produce approximately an 8% cap rate. Option 2) $300,000 for 1/3rd interest in the Grand Design Building. Simultaneously with the purchase the 3 owners will refinance and guarantee a new loan of +/-$2,050,000. IMPROVEMENTS: +/- 18,635 s.f. of rentable sq. ft. on three levels (+/- 6,200 s.f. per floor). This building and its furnishings resemble a Class “A” appearance. This mixed-use building is demised for multiple tenants with the potential of all or most of the 3rd floor for a single tenant or a new owner occupant. Initially constructed in 1960 this building was completely gutted, reframed and rebuilt in 2005 and professionally maintained to date. The structure is metal beams and posts and the exterior facade consists of brick and Dry-vit panels. There is a flat built-up roof system. The “operable” windows are double pane insulated glass in aluminum frames. There is an OTIS elevator with a 3,000-pound capacity, two stairways and direct walk-in access to all spaces providing accessibility for all. Primary access is via the Thayer Ave. vestibule / lobby entrance at grade that leads to a center corridor, elevator and access to all suites. Floors are a combination of wood, carpet, ceramic and granite tiles over a concrete subfloor. Ceilings consist of drywall, acoustic tile or open style industrial design with LED fixtures throughout. There are separate modern men’s and woman’s multi-stall bathrooms on each floor. HVAC is provided by a two-pipe system with boiler, cooling tower and chiller located in the 4th floor mechanical room. HVAC for the 3rd floor and corridors is provided by 4 roof top units. Roof access through large 4th floor storage room. The 22 interior or exterior security cameras, temperature controls and building access can be controlled remotely through a cell phone. Landlord has remodeled common areas, lights, tenant finishes and exterior lighting and maintains constant maintenance as needed. POTENTIAL OWNER / OCCUPANT 3rd FLOOR: The third floor (+/- 6,200 s.f.) is substantially set up as a single tenant space which has been divided into small office suites and open floor design without clear separation. There is a central kitchenette and conference room. This would make a trophy space for a new owner occupant buyer. RENT ROLL: Complete rent roll can be provided upon request. PARKING: There are street metered parking spaces in front of the building along Thayer Avenue and on the surrounding streets. Property is located within the Central Business District which is a parking district. Directly behind the building is a +/- 200-space County garage (garage #3) and the County Metro garage #5 & #55 are across Georgia Avenue that contains +/- 1,772 spaces. FUTURE PURPLE LINE METRO STATION / DEVELOPMENT: The entire 16-mile Purple Line route is scheduled for completion near the end of 2027. Construction and related road resurfacing in downtown Silver Spring are nearing completion and are likely to be finished this year. A new Purple Line Metro station will be located approximately 1.5 blocks from the subject property, at the intersection of Wayne Ave./Bonifant Street and Fenton Street at the Silver Spring Library. The existing Red Line Metro station is approximately three blocks away, at Colesville Road and Wayne Avenue.
Call for OFFERS will be shared soon. Asking price listed is acting as a placeholder as there is no "asking price" as the price will be determined based on best offer submitted. Once in a generation opportunity to own or participate in the future of this irreplaceable piece of land of 7.03 ± acres within the Kemp Mill Master Plan and University Boulevard Corridor Plan immediately next to Sligo Creek Parkway. There is currently a school (approx. 10 classrooms and two large auditorium spaces) and church building (seating for approx. 150) that exists and can be activated for those uses along with outdoor playground and two parking lots. Current zoning is R-60, but can potentially be reimagined and enhanced, especially if in alignment to what the Kemp Mill Master Plan University Boulevard Corridor Plan expressed an interest in having. These plans could present a buyer with the opportunity for a rezoning, up-zoning, special exception, etc so long as it aligns with what the master plan calls (linkage between local facilities, and/or a facility that facilitates social cohesion. The site is surrounding by forestry but offers favorable and close proximity to public transit (bus lines, metro line – red), equidistant of approximately 31 miles south or east of Baltimore/Washington International Airport and Dulles International Airport respectively, and only 15 miles to Ronald Reagan Washington National Airport. NOTE THAT INFORMATION INCUDED IN THIS LISTING IS NOTED AS "OTHER" AS THIS IS AN AS-IS, WHERE-IS and all services need to be verified by the buyer.
IMPROVEMENTS: Previous doctors office ideal for medical, office or retail uses. Condo unit 12-1 is currently built out as a medical office with waiting room, built in receptionist desk with granite counter, 4 offices, 3 sinks, ½ bath, multiple closets and windows front, back and side. The HVAC closet also contains the electric panel, telephone, alarm and motion sensor controls. There are laminate floors throughout and 8’ drop ceilings with florescent lighting. Unit has a +/-12-year-old heat pump and air handler that has been well maintained along with a +/- 30 gallon hot water tank. Ideal for owner/user buyer. The association installed a new roof a few months ago. The trash dumpster is located in the parking lot. FURNITURE: Most of the furniture can convey with the sale. CONDO FEE & 2025 R.E. TAX: Monthly condo fee of +/- $334 & annual real estate tax is $3,122. OCCUPANCY: Seller must provide a 90-day notice to a current tenant to vacate the space. Closing can be delayed if buyer desires the unit vacant at closing. Negotiable. SIGNAGE: As with many other units in the park (see picture below), the new owner can install a RETAIL BOX SIGN overtop the front entrance of the unit, thereby providing excellent signage and visibility. This is a rare opportunity that most office parks do not allow. PARK MANAGEMENT: This condo park is managed and maintained professionally with low condo fees. PARKING: This complex has a significant amount of non-assigned free on-site parking available to all units. Very few developments contain this amount of free parking for its owners and guests.
THE OFFERING: This is a Condo Portfolio Sale for Two Professional Offices located on the Upper Level of a Two (2) Level Building. Portfolio sale includes both 12118 B and 12120 B Heritage Park Circle, Silver Spring, MD 20906 within the sought-after Heritage Park Business Center condo community. Both units are being sold together for one price, $577,950. Also, Seller will include all of the furniture in both offices with a full price offer. (Note: the following items; however, are excluded from the sale 1) the wall hangings throughout both offices and common areas and 2) the display cabinet in the conference room.) Units 12118 B and 12120 B Heritage Park Circle, each being 875 sf and being contiguous, combine for a total of 1,750 sf. Each unit can be used together or separately. Well-designed and appointed, the units are ideally suited for professional use such as medical, dental, accounting, insurance, or other service-oriented commercial businesses. UNIT 12118 B FEATURES: 1. Large conference room 2. Large bullpen style office 3. A rest room, and 4. A waiting area (see floor plan) UNIT 12120 B FEATURES: 1. 4 generous offices 2. A 5th office, perfect for a small office or file room (see floor plan). 3. 3-paned bay window in the largest office BOTH UNITS FEATURE: 1. Multi-paneled glass-paned doors 2. Multiple windows in each unit provide an openness within the common areas, while also allowing privacy 3. Double French doors in the three largest offices THE BUILDING FEATURES: 1. The units are accessible from the ground level by stairs after entering the building's alcove and leads to a vestibule-like platform where each unit can be entered individually. 2. The stairwell separates the two units. Each condo then may be entered and used individually, if desired. 3. Alternatively, the two units can be used in its current form as one larger unified office. (There is no elevator.) 4. Obviously, the units' floor plans can be arranged in any preferred configuration. 5. In its current layout, the existing combined floor plan easily accommodates a receptionist office, waiting areas, a file room, a conference room, main offices, and a private bath, which is currently located in unit 12118 B. ADDITIONAL HIGHLIGHTS: Large Conspicuous Signage Viewable from Viers Mill Rd Two assigned parking spaces per each unit plus visitor parking spots for clients and staff Convenient access to the community mailboxes Separate HVAC systems Commercial Transitional (CT) zoning Rare chance to own two adjoining office condos within the same complex Office furniture and phones system are negotiable Current occupant will vacate upon settlement ADDTIONAL INFORMATION: Condo Fee: $165 per unit, includes CA Taxes: $2,778 per unit LOCATION, LOCATION, LOCATION: 1. Located on one of the most highly trafficked thoroughfare in the DMV., Veirs Mill Rd, and is also tied to the beltway by way of other major traffic corridors 2. Positioned near several of the most highly trafficked intersections in the DMV, (a) Veirs Mill & Randolph Rds, (b) Connecticut & Veirs Mill Rd, (c) Georgia Ave & Veirs Mill Rd 3. These thoroughfares tie together major populated areas including - North Bethesda, Kensington, the north, south, and east areas of Silver Spring and so is convenient for numerous communities.
Location, Location, Location. Great neighborhood with restaurants, cafes, supermarket, Silver Spring Metro, and Montgomery College all within walking distance! Nice 2 bedroom 1 bath rambler/bungalow in need of some T.L.C. New washer/dryer, fully equiped kitchen. Private fenced-in yard great for pets and gardening. Get a toe hold in downtown Silver Spring and enjoy the long term benefits that come from location, location, location. This location is zoned R60 and is within a Transport Hub (Silver Spring metro) zoning overlay that may allow for some commercial uses by owner/occupants such as daycare, or other professional personal service uses such as tax preparation/accounting, medical, or dentistry. Property is being offered As-Is. Seller will not make any improvements.
This 2nd floor condo unit, originally built in 1985, has a very efficient & modern layout and good natural light from the front and back windows. This unit is divided up into 6 offices, large conference room with built in shelving, reception-waiting room, kitchenette with sink and refrigerator, occupant controlled HVAC with gas heat and electric A/C and 2 half bathrooms. The space has a very attractive appearance! This unit is a part of a 4-unit office condominium project. The building was built with masonry, brick and block. Space is ready for occupancy. Only $299 p.s.f. Owner will sell or lease this unit. Rental rate is $2,695 plus electric and cleaning.
Call or email for explanation to receive full marketing package with financials and we will forward a non disclosure agreement for execution. 13,175 s.f. two-level mixed-use building divided up into 3 separately demised spaces. 1) 2,375 s.f. street level retail bay leased to Spa Mesu. 2) 4,455 s.f. street level office or mixed-use space leased to Comprehensive Disability containing a large open area with very high ceilings, 9 offices, two conference rooms, lobby, kitchenette, two bathrooms. 3) 6,345 s.f. accessible at street level from the rear side of the property leased to Comprehensive Disability and contains a reception lobby, 17 offices of various sizes, outdoor patio, core room, multi-stall men’s and woman’s bathrooms, large kitchenette with lounge area. The entire building is sprinklered and has an alarm system for security. The building is wired with CAT 6 wiring. Each space has wheelchair accessibility from grade level. There is a flat membrane roof, brick and dryvit exterior walls, double pain windows and multiple package units with gas fired heat and electric AC. There are 5 on site parking spaces, 2 county garages within a block and street parking in front of the property. An alley runs along the entire length of the property.
Assisted Living Home, Fully Occupied and Furnished with 5 residents. Certified with ZERO deficiencies and a loving Staff, offering 24 hour care. Services include meals, assistance for daily activities, and medication management. Nestled in park like setting. {This home has the potential of being expanded to an 8 bedroom assisted living home with easy modifications} TOUR: https://homevisit.view.property/public/vtour/display/2328092#!/ Would like to lease back for a year and then move the business to a new area.................. .WHAT AN OPPORTUNITY TO OWN YOUR OWN BUSINESS THAT IS SET UP and READY TO GO.......!
804 Pershing Drive, Unit 104 - 2,155 s.f. IMPROVEMENTS: This is a street level, first floor, walk in medical/office condo in Downtown Silver Spring. This modern sprinklered unit contains 3 enclosed offices, a large conference room, kitchenette, HVAC / IT room, foyer, closets and plenty of open work space or one could add several additional windowed offices. The unit includes two contiguous storage units measuring 108 s.f. The main building entrance provides direct access to this unit with no steps. This corner unit has carpet flooring throughout has drop ceilings with florescent lighting. There are 2 separately controlled HVAC units and occupants have 24/7 access to the building.
Awesome Opportunity for Churches and Assisted Living Facilities!! Also, for Independent Contractors (Landscapers, Construction, Tradesman, etc...) who work out of their Primary Residence!!! And Investors, Builders and Land Developers - keep the main house (and rehab) and build 2 new houses or tear down the main house and build 3 new houses!! Utilize the almost 2 acres for your unique and specific use or subdivide into 3 lots!!! Current House is a 3,000 sf plus 5br, 2fb, all brick cape cod ready for your updating!! Schedule your appointment today before it is too late!! See the following listings for further information and possibilities: Land (MDMC2177404) & Residential (MDMC2177364)
804 Pershing Drive, Unit 104 - 2,155 s.f. IMPROVEMENTS: This is a street level, first floor, walk in medical/office condo in Downtown Silver Spring. This modern sprinklered unit contains 3 enclosed offices, a large conference room, kitchenette, HVAC / IT room, foyer, closets and plenty of open work space or one could add several additional windowed offices. The unit includes two contiguous storage units measuring 108 s.f. The main building entrance provides direct access to this unit. This corner unit has carpet flooring throughout has drop ceilings with florescent lighting. There are 2 separately controlled HVAC units and occupants have 24/7 access to the building.
SALE PRICE REDUCED TO: $299,500 IMPROVEMENTS/PARKING: Very attractive unit facing 2nd Avenue and easily accessible right off the elevator! This unit is divided up into 3 - 4 offices, reception area, kitchenette, 1/2 bath and more. The common hallways and offices have either hardwood or laminate flooring. 24/7 access and control of your own HVAC. The unit has its own separate heat pump, air handler, water heater and electric meter. Very attractive and comfortable appearance. Ready for quick occupancy. The trash dumpster is located in the rear of the parking area. Ideal for an owner user, as the space will be vacant at settlement. This sale includes 1 covered parking space in the complex, space P-14. ZONING: CR zone. A wide variety of commercial uses are allowed in this zoning. Ideal for office and service uses. REAL ESTATE TAX / CONDO FEE: 2025 real estate tax $3,944. Current condo fee is +/- $481 / month. LOCATION: The property is located directly across from the Fenwick apartment complex on 2nd Avenue between Spring Street and Fenwick Lane. The Silver Spring Metro Station is 3 blocks from the property. The unit is accessible via stairway or elevator. The future Purple Line station will be 3 blocks from the property once complete. SIGNAGE/COMPLEX: Occupant is allowed signage on the directory signs located as you enter the complex near the elevators and a brass sign on the unit door. The complex has two elevators, which allows for ADA access. LEGAL: Tax Map JN 23, Second Ave. Plaza Phase 1 Subdivision, Block 10, Lot P21, unit 401 & P-14. District 13 Account Numbers 02541795 & 02542312.
This exceptional 3,700 sq. ft. commercial property in the heart of Downtown Silver Spring offers a prime opportunity for business owners seeking a modern and versatile space. Built in 2010. The 2nd floor is an open canvas for your conversion to your business. Ideal for retail, showroom, office or creative space. Located near the Metro, this property ensures convenient access for customers and employees. With its flexible design and prime location, this dynamic space is ready to take your business to the next level. Schedule a private tour today to explore all the possibilities! (also, possible to lease entire building of approximately 9700 sqft to fit business needs and install own signage) Adjacent to 700 parking space garage coming soon. Schedule a private tour today and see how this prime property can elevate your business!
USER BUILDING SELLER FEELS BUILDING CAN BE DELIVERED VACANT FOR A USER FOR SALE IDEAL FOR LOUNGE, RESTAURANT, EVENT CENTER, RELIGIOUS USES, ETC. 5,843 Sq. Ft. 8216 Georgia Avenue Silver Spring, Maryland 20910 TENANT: Entire property is leased to Third Hill Brewing Co. BUT CAN BE DELIVERED VACANT. This is a NNN lease except landlord covers the fire insurance cost. Tenant pays real estate tax, utilities, all maintenance including roof, structure, HVAC and other interior components. SQUARE FEET: 5,843 s.f. of building at street level. The property contains +/- 7,062 square feet of land. SALES PRICE: $3,500,000 REAL ESTATE TAX / INSURANCE: 2023 real estate taxes of $22,045 paid by tenant & building insurance of $1,482 paid by landlord. IMPROVEMENTS: This is a single level in-line cinderblock and brick retail building facing Georgia Avenue in downtown Silver Spring. There are multiple access points from the front, side and rear. The space is wheelchair accessible from a ramp along the side of the building and the building is sprinklered. The primary structure was built around 1922, however in 2017 the building was gutted and completely redesigned for its current use and brought up to code. There are two HVAC package units (10 ton and 5 ton) with gas fired furnace heat and electric A/C on the roof and interior ductwork providing central heat and air. The floors are smooth concrete. The roof is a white TPO rubber system with R-25 rigid insulation. The interior is designed in sections that include the large Tap Room in the front along Georgia Ave., the large rear Brewery Room, exterior dining/gathering area, a kitchen, two large bathrooms, large walk-in cooler, office, storage and trash room. The Tap Room contains seating for +/- 60 people with plenty of additional standing room as well, along with exterior elevated seating with a full canopy above with 4 large tables that can accommodate an additional +/- 24 people. The Tap Room has a bar / counter, 16 beer taps, hand sink, dishwashing station, customer water dispenser and two large glass panel roll up doors that provide an open and airy sensation to the space. There are high ceilings throughout the building. The large Brewery Room contains multiple stainless steel fermenter tanks and brewing equipment. This area has high ceilings, skylights, floor drain, storage, etc. There is a large open area allowing people to gather and view the activities within this space. There is a Kitchen area (+/- 216 s.f.) for assembling of prepared foods. This room contains 4 refrigerators, 3 compartment sink, 2 handsinks and counters. There is no hood system. There is a large walk-in cooler (+/- 400 s.f.) for storage of kegs and other beverages. SECURITY AGREEMENT: In the event of a default under the lease by tenant, landlord holds a lien on tenant’s equipment. A full list of the secured items can be provided as needed.
Prime office space on ground level with nearly 1500 square feet, two blocks from Wheaton Metro. Level entry from parking lot to front door of unit. Currently setup as a doctor's office with reception area, exam rooms, offices, 2 half baths and a kitchenette. Ground Floor, Handicap Accessible. Parking in lot and at garage across street. Separate 400 sq ft of additional, private storage available directly under the unit. Tremendous dining options within a 5 block radius - a great lunch meeting is minutes away. NOTE: Listing photos are from 2010, prior to the occupancy of current tenant. Currently occupied by doctor's office so alterations have been made to layout. Condo Fee $200.00/month. Current leased under a month to month term.
Downtown Silver Spring Value-Add Mixed-Use Redevelopment in Opportunity Zone Purchase an office building in a newly up-zoned Commercial Residential Zone, in close proximity to Metro rail and Metro bus on well-traveled Eastern Avenue bordering Washington, DC. Property sits in a Priority Funding Area and benefits from recent expansion of uses per 2022 Amended Comprehensive Plan through the Silver Spring Downtown and Adjacent Comprehensive Plan. The amended plan allows for a 4 FAR or 24, 000 SQFT building potential. The building is currently 16,000+/- SQFT. Additionally, approved Zoning Code Amendments make this location ripe for repositioning or redevelopment. Approved transit and roadway improvements are value-ads, as they will allow for greater connectivity throughout the 8 distinct districts making up Downtown Silver Spring. Moreover, environmentally and security-focused design on the multi-modal trails/paths and roadways have an emphasis on storm water management and cooling roadways mechanism like right of way rain gardens, and expansion of tree canopy on pedestrian connector roads, sidewalks and roadways. Recently passed Montgomery County legislation will allow greater density in the split-zoned (CR-3, C-3, R-3, and H-125) location. Proximity to the abutting Kennett Street Garage & Parking Lot opens up opportunity for multiple redevelopment possibilities to include: Institutional Uses Residential Health Education Philanthropic Cultural Charitable Specialty Uses Family Day Care Hospital Educational Private Club/Service Organization Religious Assembly Restaurant Hotel/Motel Dental Labs Research and Development (R&D) Health Club Radio Facility
4 blocks from the Wheaton Metro Station. Free standing, high window ratio building. Abundant retail and services nearby.
1017 University Blvd Suite 102 for lease for $3,495 plus utilities. Space is wide open with a bathroom in the rear. Ideal for a church, retail, office or service uses. The current tenant can be vacated if we find a new tenant. Space has signage on existing sign panels. Purple Line Metro station will open about a block away and clearly visible from the property. Call Larry for detail or a tour.
Seller is selling both units 501A and 502A together for a combined 1,936 sq. ft. unit with 2 deeded parking spaces at 8607 2nd Avenue, Silver Spring, Md. 20910 for $725,000 or $374 p.s.f. OR would consider selling separately. These units have the most desirable location in the park as they face 2nd Avenue and the elevator is next to the unit’s front doors. These units are ideal for a use needing large open rooms or one can build offices to suit their needs. The largest room currently is +/- 600 s.f. additionally the space contains 2 large offices/conference rooms, 1 office, 1 large open area, kitchenette with 2 sinks / counter and cabinets space, 2 bathrooms and storage space. There are 2 separate HVAC units providing the unit with 24/7 temperature control. The units convey with two deeded parking spaces in the building and the County garage is about a block away. The monthly condo fees are +/-$502 for unit 501 and +/-$521 for unit 502. The current owner is a nonprofit entity and doesn’t pay real estate taxes. As an estimate only, we estimate the property taxes at +/- $3,750 for each unit. The complex has two elevators, which allows for wheelchair access. Occupant can place office trash in the dumpster located in the rear of the parking area. CR zoning permits a wide variety of commercial uses. See floor plan in the pictures. Call Agent for full marketing package.
Seller is selling both units 501A and 502A together for a combined 1,936 sq. ft. unit with 2 deeded parking spaces at 8607 2nd Avenue, Silver Spring, Md. 20910 for $725,000 or $374 p.s.f. OR would consider selling separately. These units have the most desirable location in the park as they face 2nd Avenue and the elevator is next to the unit’s front doors. These units are ideal for a use needing large open rooms or one can build offices to suit their needs. The largest room currently is +/- 600 s.f. additionally the space contains 2 large offices/conference rooms, 1 office, 1 large open area, kitchenette with 2 sinks / counter and cabinets space, 2 bathrooms and storage space. There are 2 separate HVAC units providing the unit with 24/7 temperature control. The units convey with two deeded parking spaces in the building and the County garage is about a block away. The monthly condo fees are +/-$502 for unit 501 and +/-$521 for unit 502. The current owner is a nonprofit entity and doesn’t pay real estate taxes. As an estimate only, we estimate the property taxes at +/- $3,750 for each unit. The complex has two elevators, which allows for wheelchair access. Occupant can place office trash in the dumpster located in the rear of the parking area. CR zoning permits a wide variety of commercial uses. See floor plan in the pictures. Call Agent for full marketing package.
Silver Spring is located in Maryland. Silver Spring, Maryland has a population of 82,472. Silver Spring is less family-centric than the surrounding county with 36.4% of the households containing married families with children. The county average for households married with children is 37.16%.
The median household income in Silver Spring, Maryland is $91,970. The median household income for the surrounding county is $117,345 compared to the national median of $69,021. The median age of people living in Silver Spring is 34.5 years.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 24.9 degrees. The average rainfall is approximately 44.3 inches per year, with 14.1 inches of snow per year.
