9899 Main StDamascus, MD 20872

Property Details for 9899 Main St

Construction

BRICK

Lot size

0.81 AC

Property size (Sq ft)

17,700 SF

Zone code

CRT17

Property type

Retail space

APN

12-02813506

APU

1202813506

Description

This exceptional retail and office space, located at 9899 Main St in Damascus, Maryland, presents a unique opportunity for a discerning business. The 2,850 square foot endcap unit is situated in the Miles Center, a 1991-built property in the heart of Damascus, at the high-traffic intersection of Ridge Road (11,352 ADT) and Main Street (21,101 ADT). The ground-level retail space offers excellent visibility and accessibility, complemented by ample surface parking directly in front of and to the side of the building. The property also includes second-level office units, providing flexibility for various business needs. This location benefits from its strategic position between Mt. Airy, Clarksburg, and Germantown, offering convenient access to a large customer base. Furthermore, its proximity to I-270 and I-70 ensures easy commuting for employees and customers. The space is ideally suited for a restaurant, showroom, or medical practice, offering a blend of high visibility and convenient access. The property is located in Montgomery County, Maryland, zip code 20872. This is a rare opportunity to secure a prominent retail space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $6,154,742

  6.5%

  $5,681,300

  7%

  $5,275,493

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,516,438

  Geo Method

  $8,918,124

• Alternative Use

  Use

  Valuation

  Residential

  $4,792,389

  Hospitality

  $4,389,802

  Educational

  $3,652,264

  Medical

  $3,777,871

  Retail

  $5,681,300

Location Insight

City

Damascus

County

Montgomery

State

Maryland

Latitude

39.2887

Longitude

-77.2039

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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