8404 Georgia AveSilver Spring, MD 20910

Property Details for 8404 Georgia Ave

Year built

1938

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

3,900 SF

Zone code

CR5.0

Property type

Office buildings

APN

13-01045140

APU

1301045140

Description

This exceptional 3,701 square foot, two-level vacant commercial property is ideally situated in the heart of downtown Silver Spring, Maryland, at 8404 Georgia Avenue. Boasting a prime location on a heavily trafficked commercial corridor with nearly 40,000 vehicles per day, this property offers unparalleled visibility and accessibility. The building, constructed in 1938, features two on-site parking spaces and benefits from flexible CR-5.0 zoning, permitting a wide range of uses including retail, restaurant, office, and multifamily development. Its convenient transit-oriented location is just one block from a large public parking garage and within two blocks of the Silver Spring Metro station, the future Purple Line light rail station, the MARC train station, and numerous bus lines. The property sits on a 3,363 square foot lot and offers the potential for a partial second-story roof deck. Delivered vacant at closing, this owner-user or investment opportunity presents a unique chance to capitalize on the vibrant growth and development within this thriving downtown area. The property's previous use as a law office provides a solid foundation for various commercial ventures. The building's two stories provide ample space for a variety of configurations. The Montgomery County location offers access to a large and diverse population base. This property is a rare find in a highly sought-after location. The APN is 13-01045140.

• CAP approach

  CAP return

  Valuation

  6%

  $825,880

  6.5%

  $762,350

  7%

  $707,897

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,443

  Geo Method

  $651,339

• Alternative Use

  Use

  Valuation

  Residential

  $945,314

  Hospitality

  $865,903

  Educational

  $720,421

  Medical

  $745,198

  Retail

  $1,120,655

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

38.9936

Longitude

-77.0272

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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