13820 Old Columbia PikeSilver Spring, MD 20904

Property Details for 13820 Old Columbia Pike

Year built

1987

Construction

BRICK

Lot size

2.64 AC

Property size (Sq ft)

42,186 SF

Zone code

NR0.7

Property type

Retail properties

Property subtype

Retail space

APN

05-02571917

APU

502571917

Description

Briggs Chaney Center offers two exceptional retail spaces for lease in the vibrant Silver Spring, Maryland market. Located at 13820 Old Columbia Pike, zip code 20904, this property boasts a highly visible location at a signalized intersection, ensuring maximum exposure for your business. The spaces range in size from 2,000 to 2,720 square feet, providing flexibility for various retail concepts. This multi-tenant center enjoys excellent accessibility, with convenient access to both the Intercounty Connector and Columbia Pike, ensuring high traffic flow and customer convenience. The center is already home to a diverse range of established businesses, including 7-Eleven, MetroPCS, Tropicana, and Farmer's Insurance, creating a strong and synergistic retail environment. The property's prominent location offers excellent signage opportunities, further enhancing visibility and attracting potential customers. This is an exceptional opportunity to establish or expand your retail presence in a thriving Montgomery County location. The spaces are available for immediate occupancy, offering a quick path to market entry. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $13,132,210

  6.5%

  $12,122,040

  7%

  $11,256,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,053,378

  Geo Method

  $17,754,620

• Alternative Use

  Use

  Valuation

  Residential

  $10,225,394

  Hospitality

  $9,366,406

  Educational

  $7,792,740

  Medical

  $8,060,744

  Retail

  $12,122,040

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

39.0841

Longitude

-76.9522

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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