8250 Georgia AveSilver Spring, MD 20910

Property Details for 8250 Georgia Ave

Year built

2019

Lot size

0.81 AC

Property size (Sq ft)

345,888 SF

Zone code

CR5.0

Property type

Apartment buildings

APN

13-03794087

APU

1303794087

Description

This exceptional retail opportunity is located within the luxurious Solaire, a multi-family community completed in 2019. The property boasts a highly desirable location on Georgia Avenue in the heart of Silver Spring, offering unparalleled visibility and accessibility. With 120 feet of frontage, this space commands attention from a dense population of high-income households. The available retail space ranges from 2,630 square feet to 4,344 square feet, providing flexibility for a variety of retail concepts. The building's prime location within a walkable neighborhood and its proximity to multiple public transportation options ensures a steady stream of potential customers. This is an ideal location for businesses seeking high foot traffic and a strong customer base. The surrounding area is characterized by its vibrant atmosphere and abundance of amenities, making it an attractive destination for residents and visitors alike. The modern design and high-quality construction of the Solaire building further enhance the appeal of this retail space. This is a rare opportunity to establish a thriving business in a highly sought-after location. The flexible space allows for customization to meet the specific needs of a wide range of retail businesses. Don't miss this chance to secure a prominent retail presence in one of Silver Spring's most dynamic neighborhoods. The multiple tenancy option allows for a variety of business models. This property is situated in Montgomery County.

• CAP approach

  CAP return

  Valuation

  6%

  $90,825,816

  6.5%

  $83,839,216

  7%

  $77,850,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,614,060

  Geo Method

  $89,538,472

• Alternative Use

  Use

  Valuation

  Residential

  $83,839,216

  Hospitality

  $76,796,272

  Educational

  $63,893,596

  Medical

  $66,090,996

  Retail

  $99,390,040

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

38.993

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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