$3,500,000
$3,600,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
12,000 SqFt
SOLD DATE : 12/19/2024
Key Details
Sold Price $3,500,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $291
MLS Listing ID MDMC2158990
Sold Date 12/19/24
Originating Board BRIGHT
Year Built 1959
Annual Tax Amount $34,359
Tax Year 2023
Lot Size 0.462 Acres
Acres 0.46
Property Description
Location, location! Retail building with redevelopment potential. This 2-story building contains 11,400 square feet of leasable space. It is set upon a 20,135 square foot lot with frontage on Connecticut Avenue. The property is located in Montgomery County just 10 minutes from Walter Reed National Military Medical Center and a short 15-minute drive from Washington DC. The first floor is leased to Urban Thrift and the lease expires on 5/31/24. The current rate is $12,395 per month or $148,740 annually. The traffic count on Connecticut Avenue is over 34,000 AADT. The property occupies an outstanding high visibility corner located in the heart of Kensington.
Location
State MD
County Montgomery
Zoning CRT1.
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 40.0
Water Access N
Accessibility None
Total Parking Spaces 40
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Montgomery County Public Schools
Others
Tax ID 161301021521
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Victor A Padilla • Smart Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "