26075 Ridge RdDamascus, MD 20872

Property Details for 26075 Ridge Rd

Year built

1991

Lot size

9.37 AC

Property size (Sq ft)

91,381 SF

Zone code

CRT1.

Property type

Retail properties

Property subtype

Strip malls

APN

12-03790023

APU

1203790023

Description

This exceptional retail property, located at 26075 Ridge Road in Damascus, Maryland, offers a prime opportunity for businesses seeking high-visibility space in a thriving community. The shopping center boasts a total of 78,878 square feet, encompassing five individual suites. Currently, there is 14,114 square feet of vacant space available, offering flexibility for businesses of various sizes. Units range from a minimum of 1,355 square feet to a maximum contiguous space of 5,837 square feet, catering to a diverse range of retail needs. The property's strategic location in Montgomery County, Maryland, ensures high foot traffic and excellent visibility. The address is 26075 Ridge Rd, Damascus, MD 20872. This is an ideal location for businesses looking to establish or expand their presence in a bustling retail environment. The property is classified as a multi-tenant shopping center, providing a vibrant and collaborative atmosphere. The available space presents a unique opportunity to secure a prominent position within a well-established commercial center. This property is for lease and offers a chance to capitalize on a strong retail market in a desirable location. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $31,888,124

  6.5%

  $29,435,192

  7%

  $27,332,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,425,852

  Geo Method

  $46,042,208

• Alternative Use

  Use

  Valuation

  Residential

  $24,829,686

  Hospitality

  $22,743,858

  Educational

  $18,922,624

  Medical

  $19,573,402

  Retail

  $29,435,192

Location Insight

City

Damascus

County

Montgomery

State

Maryland

Latitude

39.2852

Longitude

-77.208

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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