Property profile

3110-3140 Olney Sandy Spring Rd Olney, MD 20832

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the Shoppes of Olney, situated at the intersection of Georgia Avenue (MD Route 97) and Olney Sandy Spring Road (MD Route 108), offering unparalleled visibility and accessibility from both major roadways. The space totals 1,172 square feet and is currently vacant, presenting a unique chance for a new tenant to establish a presence in a thriving commercial center. The property boasts multiple access points, including a full-movement traffic light, ensuring convenient ingress and egress for customers. The center is anchored by a top-performing store in the Washington DC Metropolitan area, drawing significant foot traffic and providing a strong retail environment. Olney is a highly desirable trade area, with average household incomes exceeding $177,000 within a three-mile radius, indicating a strong consumer base with significant purchasing power. The property's convenient location also offers easy access to the Intercounty Connector (ICC)/MD 200, approximately two miles away, enhancing regional accessibility. This prime retail space presents an excellent opportunity for businesses seeking high visibility and a strong customer base in a prosperous community. The space is ready for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

3110-3140 Olney Sandy Spring Rd Olney, MD 20832
Olney 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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