Property profile

20000 Century Blvd Germantown, MD 20874

OFF-MARKET
Retail properties & Spaces
68,318 SF 7.01 ac lot
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Property summary

AI-generated overview

This exceptional 68,318-square-foot freestanding retail building presents a unique investment opportunity in the thriving Germantown Town Center, Maryland. Situated on a 7.01-acre lot, the property boasts an impressive 587 dedicated surface parking spaces, ensuring ample convenience for customers. Previously operating as a 14-auditorium movie theater with a seating capacity of 2,786, this versatile space offers significant potential for redevelopment or adaptive reuse. The property's zoning is CR, and its prime location offers exceptional visibility and accessibility. Located directly off heavily trafficked I-270 (119,661 vehicles per day) and Route 118, this location provides unparalleled access for both local and regional customers. Germantown is a dynamic suburban market with a strong economy, diverse businesses, and a high concentration of affluent residents. This property's size, parking, and location make it an ideal candidate for a variety of retail uses, capitalizing on the high traffic counts and strong demographics of the area. The two-story building offers substantial space for a wide range of retail concepts, providing a significant opportunity for a discerning investor or business owner seeking a prominent presence in a highly desirable market. The property's existing infrastructure, including the ample parking, provides a solid foundation for a successful venture.

Property profile

Verified
Property type Retail properties & Spaces
Total area 68,318 SF
Lot 7.01 ac (305,356 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cinema Theater & Performing Art Venue

Location

20000 Century Blvd Germantown, MD 20874
Germantown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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