2405 Price AveSilver Spring, MD 20902

Property Details for 2405 Price Ave

Year built

1952

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

2,292 SF

Zone code

CR6.0

Property type

Retail space

APN

13-01186912

APU

1301186912

Description

This exceptional 2,369 square foot restaurant space is ideally situated at 2405 Price Avenue in Silver Spring, Maryland, zip code 20902. The property, a single-tenant building on a 0.04-acre lot, boasts modern finishes from its 2008 renovation. Its convenient location offers unparalleled access to major transportation arteries. Situated just off I-95 and Georgia Avenue, the property is within easy walking distance of the Wheaton Metro Station, which boasts a remarkable 3,774 riders per day, ensuring high visibility and foot traffic. The building itself is zoned CR6.0 and includes a dedicated outdoor dining area, perfect for expanding seating capacity and creating a welcoming atmosphere. The property is currently vacant and ready for immediate occupancy. This is a second-generation restaurant space, providing a turnkey opportunity for a new establishment. The building is a single structure with no elevators. Montgomery County is the location of this exceptional opportunity. This prime location and modern amenities make this property an ideal investment for a discerning restaurateur.

• CAP approach

  CAP return

  Valuation

  6%

  $713,484

  6.5%

  $658,600

  7%

  $611,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $437,547

  Geo Method

  $964,623

• Alternative Use

  Use

  Valuation

  Residential

  $555,554

  Hospitality

  $508,885

  Educational

  $423,386

  Medical

  $437,947

  Retail

  $658,600

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

39.0404

Longitude

-77.0506

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].