9701 New Church StDamascus, MD 20872

Property Details for 9701 New Church St

Construction

BRICK

Lot size

1.57 AC

Property size (Sq ft)

7,016 SF

Zone code

CRT1.

Property type

Medical offices

Property subtype

Medical centers

APN

12-02900251

APU

1202900251

Description

This single-story, Class B office building in Damascus, Montgomery County, MD offers 7,016 square feet of versatile space, ideal for various professional uses. Two suites are currently available, totaling 2,688 contiguous square feet, with a minimum divisible space of 1,212 square feet. Suite C offers 1,212 square feet, while Suite D provides 1,476 square feet; these can be combined for a total of 2,688 square feet. The building features ample parking with 10 spaces. The full-service lease includes utilities, trash removal, and snow removal, along with CAM charges. The landlord is willing to consider covering paint and carpet upgrades for suitable tenants. The property is conveniently located in the heart of Damascus, offering easy access to local amenities. While general dentistry is not permitted, specialty dentistry is welcome. Chiropractic care, physical therapy, and massage therapy are not allowed. The property is expected to be available by the end of October. This presents a fantastic opportunity for medical, executive, creative, or traditional office users, potentially even a salon, depending on the specific use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,484,425

  6.5%

  $1,370,238

  7%

  $1,272,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $629,440

  Geo Method

  $1,402,779

• Alternative Use

  Use

  Valuation

  Residential

  $1,699,096

  Hospitality

  $1,556,362

  Educational

  $1,294,875

  Medical

  $1,339,408

  Retail

  $2,014,250

Location Insight

City

Damascus

County

Montgomery

State

Maryland

Latitude

39.2867

Longitude

-77.2008

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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