9 Park AveGaithersburg, MD 20877

Property Details for 9 Park Ave

Year built

1894

Construction

BRICK

Lot size

0.28 AC

Property size (Sq ft)

2,140 SF

Zone code

CBD

Property type

Office buildings

APN

09-00843637

APU

900843637

Description

This exceptional 2,140 square foot freestanding office building is available for lease in the heart of Old Towne, Montgomery County. The property is a commercially zoned house, offering a unique blend of character and modern functionality. Spread across two floors, the space boasts numerous windowed offices, providing ample natural light and a pleasant work environment. Recently refinished, the building presents a move-in ready opportunity for a single tenant. Key features include a large parking lot, providing convenient parking for employees and clients. The lease term is set at two years, offering stability and predictability. This is an ideal location for businesses seeking a prestigious address in a vibrant, established community. The building is a single-tenant space with no elevators. The property is perfect for a variety of office uses, including traditional, executive, or creative office settings. Don't miss this chance to secure a prime location in Old Towne. Inquire today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $528,628

  6.5%

  $487,964

  7%

  $453,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,755

  Geo Method

  $427,872

• Alternative Use

  Use

  Valuation

  Residential

  $605,075

  Hospitality

  $554,246

  Educational

  $461,126

  Medical

  $476,985

  Retail

  $717,307

Location Insight

City

Gaithersburg

County

Montgomery

State

Maryland

Latitude

39.143

Longitude

-77.1945

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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