19961 Fisher Ave Poolesville, MD 20837

Property Details for 19961 Fisher Ave

Year built

1960

Construction

BRICK

Lot size

0.72 lot acres

Property size

5,130 SF

Zone code

PC

Property type

Retail space

APN

03-00044583

APU

300044583

Description

This exceptional investment opportunity presents a 58,523 square foot, multi-tenant retail shopping center and storefront located at 19961 Fisher Avenue in the heart of Poolesville, Maryland. The property boasts two single-story buildings totaling 11,490 net rentable square feet, currently operating at 100% occupancy with three established tenants, including the only hardware store within a 12-mile radius. Built in 1960, this commercially zoned property sits on a 58,523 square foot lot and includes 15 parking spaces. The asking price is $1,550,000, representing a compelling $26.49 per square foot and a 6.83% cap rate. A master lease is available for all three spaces, with a leaseback option and expansion potential. Further income generation opportunities exist through the rental of an additional 27,000+ square feet of land for outside storage or the construction of 9,500+ square feet of additional retail space upon lease expiration. Located in the highly desirable Montgomery County, Poolesville offers an affluent demographic with an average household income exceeding $210,000 and is home to Maryland's top-ranked high school. This property presents a rare chance to acquire a stabilized, high-performing retail asset in a prime location with significant upside potential. APN: 03-00044594, 03-00044583. Lease type is NNN.

Location Insight

City

Poolesville

County

Montgomery

State

Maryland

Longitude

-77.4172

Latitude

39.1467

CBSA code

47900

CBSA name

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

Property Tax & Assessments