8404 Georgia Avenue

Silver Spring, MD 20910

Offering Memorandum

The Offering

Summary

  • List Price $1,750,000
  • Product Type Retail/Office
  • Building SF 3,701 SF
  • Occupancy 0%
  • Year Built 1938
  • Zoning CR-5.0 C-5.0 R-5.0 H-260
  • Lot Size 3,363 SF
  • On-Site Parking 2 Rear Spaces

Investment Summary

Feldman Ruel is pleased to offer for sale 8404 Georgia Avenue, a two-level retail/office property located in the heart of Downtown Silver Spring. The subject property is prominently situated at a signalized intersection on Georgia Avenue, a major artery connecting Washington, D.C. and the Montgomery County suburbs. The site is heavily trafficked by both vehicles and pedestrians in a live-work commercial district known for round-the-clock dining, shopping, and entertainment. The site is two blocks from the Metro Red Line and MARC Silver Spring station, two blocks from two future Purple Line stations, and one block from a public parking garage. Larger than most area retail, the subject property consists of a street level and a second level; two private parking spaces behind the property are accessed by an alley. The property is delivered vacant. Most recently used as an office, the property’s by-right uses also include retail, restaurant, cultural or religious institution, day care, and medical/dental clinic. In line with Montgomery County’s master plan, multifamily projects are bringing more residents to the transit-friendly neighborhood, which abuts the D.C. border. The site’s CR 5.0 zoning allows for future development up to 16,815 SF and 260 feet in height.

Investment Highlights

• Delivered Vacant at Closing | Owner-Occupied by a Multigenerational Law Firm for Decades

• Flexible CR-5.0 Zoning Allows Retail/Restaurant, Office, Multifamily, & Many Other Uses

• 2 On-Site Parking Spaces Behind the Building | Potential for a Partial 2nd-Level Roof Deck
• Along a Heavily Trafficked Commercial Corridor | Almost 40,000 VPD

• Highly Accessible Transit-Friendly Location | 1 Block from a 1,684-Space Public Parking Garage

• Within 2 Blocks of the Silver Spring Metro Station, Future Purple Line Light Rail Station, MARC Train Station, & Numerous Bus Lines

Listing Agents

Josh Feldman

Josh Feldman

Managing Principal
Direct: (202) 318-6833
Ian Ruel

Ian Ruel

Managing Principal
Direct: (202) 318-6844
Hannah McCann

Hannah McCann

Investment Associate
(240) 932-0009