8030 Georgia AveSilver Spring, MD 20910

Property Details for 8030 Georgia Ave

Year built

1945

Construction

BRICK

Lot size

0.16 AC

Property size (Sq ft)

9,186 SF

Zone code

CR5.0

Property type

Industrial properties

Property subtype

Loft space

APN

13-00976271

APU

1300976271

Description

This exceptional 1,900 square foot retail space, located at 8030 Georgia Avenue in Silver Spring, Maryland, presents a unique opportunity for a new business. Situated in a vibrant Class B building (9,186 total square feet) constructed in 1950 and renovated in 2002, this single-tenant storefront boasts prime visibility on a bustling thoroughfare with a daily traffic count of 39,000 vehicles. The property's zoning is CBD-R2, ideal for a variety of retail uses. Previously a successful ice cream café for 22 years, the space features a thoughtfully designed interior with high exposed ceilings, a three-compartment sink, and a walk-in freezer – all ready for immediate occupancy. Its convenient location near the DC Metro ensures high foot traffic and accessibility. The address is 8030 Georgia Ave, Silver Spring, MD 20910, near East West Highway. This space is perfect for a cafe, coffee shop, bakery, restaurant, or other retail establishment seeking a high-traffic location in a thriving community. The building is a single-tenant structure.

• CAP approach

  CAP return

  Valuation

  6%

  $2,412,128

  6.5%

  $2,226,579

  7%

  $2,067,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,078,617

  Geo Method

  $2,377,938

• Alternative Use

  Use

  Valuation

  Residential

  $2,226,579

  Hospitality

  $2,039,535

  Educational

  $1,696,869

  Medical

  $1,755,227

  Retail

  $2,639,574

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

38.9884

Longitude

-77.0271

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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