4600 Park AveGermantown, MD 20815

Property Details for 4600 Park Ave

Year built

1991

Property size (Sq ft)

1,465 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Germantown

County

Montgomery

State

Maryland

Latitude

38.9631

Longitude

-77.0913

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