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Property profile & analytics
OFF-MARKET Estimated value $905,000
Retail space

2405 Price Ave Silver Spring, MD 20902-4697

2,292 SF 0.06 ac lot Built 1952
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US40-0824092
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Construction BRICK
Total area 2,292 SF
Lot 0.06 ac (2,399 SF)
Zoning code CR6.0
APN 13-01186912
UPID US40-0824092
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
Current use
Occupant on record · Public records
  • Hakuna Matata Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$905k
Owner & transaction history
2405 Price LLC · 11 yrs held
2405 Price LLC
since 2015
3 recorded transactions
2015
$725,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CR6.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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