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    OFF-MARKET
    Retail properties & Spaces

    10504-10540 Connecticut Ave, Kensington, MD 20895

    51,004 SF 3.17 ac lot Built 1956
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two buildings comprising the Kensington Shopping Center, totaling 51,004 square feet, situated on a 3.17-acre lot at the highly visible, signalized intersection of Connecticut Avenue and Howard Avenue in historic Kensington, Maryland. Built in 1956 and extensively renovated in 2009, this property offers a blend of retail and office space, currently configured as multiple tenancies. The two-story buildings feature a mix of executive and creative office spaces, ideal for a variety of businesses. Currently, there is 2,146 square feet of vacant space available, including one immediately available 1,540 square foot suite. The property benefits from excellent visibility due to large pylon signage. The location boasts strong area demographics within the vibrant Kensington community. The address is 10504-10540 Connecticut Ave, Kensington, MD 20895, in Montgomery County. While elevators are not present, the two-story building layout offers convenient access. This property presents a unique chance to acquire a well-maintained, established commercial center in a desirable location.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1956
    Total area 51,004 SF
    Lot 3.17 ac (138,085 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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