9301 Georgia Ave Silver Spring, MD 20910-1713
- Office buildings
- 7,714 SF
- 0.15 lot acres
Current Use by Public Records
- CTL Communications Televideo / Audio Visual Equipment Supplier
- Golden Oil Ministry / Religious Organization
Property Details for 9301 Georgia Ave
- Year built
- 1961
- Construction
- BRICK
- Lot size
- 0.15 lot acres
- Property size
- 7,714 SF
- Zone code
- CRT1.
- Property type
- Office buildings
- APN
- 13-01435027
- APU
- 1301435027
Description
This exceptional mixed-use investment opportunity presents a 7,714 square foot building situated on a 6,371 square foot lot at 9301 Georgia Avenue in Silver Spring, Maryland. Built in 1961 and extensively renovated in 2022, this solid brick, two-level building boasts excellent street visibility. Currently operating at 100% occupancy with a single tenant under a triple-net (NNN) lease, the property offers a strong 6.18% cap rate and a substantial net operating income (NOI) of $135,960. The lease, commencing March 31, 2023, has a remaining term of approximately 1.4 years with a 3% annual rent increase. The property features nine parking spaces, including a convenient loading dock. The roof is less than six years old. The building is zoned CRT1 and can be easily configured into four separate units (two on each level) if desired. This fee-simple ownership opportunity offers a compelling combination of strong cash flow, excellent location, and significant upside potential. The asking price is $2,200,000, translating to a price per square foot of $285.20.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Silver Spring
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.0394
- Latitude
- 39.0075
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
