For Sale
$650,000

4600 Park Ave Germantown, MD 20815

1,465 SF Office, 3 Parking Spots

Overview

Added:
Dec 11, 2024
Days on market:
132
This 1,465-square-foot Class B office condo in Chevy Chase, Maryland, presents a unique owner-user or investment opportunity. Located at 4600 N Park Ave, Suite 1S, Germantown, MD 20815, this vacant unit boasts a flexible layout ideal for various office uses. The space features a large open area, three private offices, a sizable bathroom, and a kitchenette. Abundant natural light streams in from windows on all sides, complemented by a private balcony. The condo is situated in a four-story garden-style building with an open courtyard and sitting area, fully ADA compliant with recently installed elevators. Three deeded parking spaces are included, currently generating $300/month in rental income. Additionally, a separate private office within the unit is leased month-to-month for $1,500. The buyer has the option to continue these leases or assume possession of a vacant unit. The low condo fee of $715 per month is a significant advantage. The property benefits from a prime location within walking distance of restaurants, shops, and the Friendship Heights metro station, surrounded by a high-income demographic with strong daytime employee population. The asking price is $650,000 ($443.69/sq ft). The building was constructed in 1991 and is zoned CBD1. Fee simple ownership is offered.

Highlights

  • Prime downtown location, minutes from shops and Metro access.
  • High-traffic, high-income neighborhood.
  • Bright unit with abundant natural light, balcony, and outdoor space.
  • Generating $1800 monthly income from three parking spaces ($300) and a private office ($1500) on a month-to-month lease; buyer can assume leases or take possession vacant at closing.

Property Details for 4600 Park Ave

Property type
Office properties, Medical offices
Square Feet
1,465 SF
Class
B
Year Built
1991
Buildings
1
Stories
4

Location Insight

City
Germantown
County
Montgomery
State
Maryland
Latitude
38.9631472
Longitude
-77.0912956

FAQs

What type of property is this?
Office property - 1,465 SF Office, 3 Parking Spots
Where is the office property located?
The property is located at 4600 Park Ave Germantown, MD.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime downtown location, minutes from shops and Metro access.; High-traffic, high-income neighborhood.; Bright unit with abundant natural light, balcony, and outdoor space.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4600 Park Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message