8609 2Nd AveSilver Spring, MD 20910

Property Details for 8609 2Nd Ave

Lot size

0.01 AC

Property size (Sq ft)

687 SF

Zone code

CBD2

Property type

Office properties

APN

13-02711395

APU

1302711395

Description

This 1,108 square foot Class B office space in Silver Spring, MD, is available for sale at $425,000 ($383.57/sq ft). Located at 8609 2nd Avenue, Unit 402B, this vacant property boasts a desirable location, facing 2nd Avenue. The space features a large open area with six workstations, a private office, a conference room, a kitchenette, and a full bathroom. High-quality finishes include Pergo and marble flooring. The unit benefits from abundant natural light with six windows (four facing the street and two facing the complex's interior). Individual climate control is provided by a dedicated heat pump, air handler, water heater, and electric meter. The property is zoned for a wide variety of commercial uses, making it ideal for office or service businesses. Furniture is included in the asking price. A lease option is also available at $2,300 per month, inclusive of furniture. The landlord covers common area maintenance (CAM) charges and property taxes in a lease agreement. A rear dumpster enclosure provides convenient waste disposal. The property's address is 8609 2nd Avenue, Silver Spring, MD 20910. This is a fantastic opportunity to acquire a well-maintained, move-in ready office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $145,482

  6.5%

  $134,291

  7%

  $124,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,043

  Geo Method

  $114,736

• Alternative Use

  Use

  Valuation

  Residential

  $166,521

  Hospitality

  $152,532

  Educational

  $126,905

  Medical

  $131,269

  Retail

  $197,408

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

38.9974

Longitude

-77.0333

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].