Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1874
Sq.Footage
N/A
Great investment opportunity! The old town of Gaithersburg is seeing great renewal through the construction of over 2000 units of new condos. This property is in the center of all the action! This sale includes 2 separate structures, all zoned mixed residential commercial. The rear house is 3 levels which currently hosts a salon, it totals about 1800sqft. the front of the building has 3 separate retail spaces and 2 apartments. A printing press has been a tenant for over 20 years with submarket level lease they occupy about 2000 sqft , there's a well-ness coach who occupies about 1200 sqft and a travel company that occupies about 900 sqft. Upstairs there's a 1 bedroom and a 2 bedroom apartment units. All the units have separate utilities and meters. There are a total of 6 units, 11 parking spaces for sale. All tenants have been with the property for over 3 years with exception of the wellness coach who has been about a year. The net income from rent annually is about $90,000 and this is well below market. The rear of this lot has already been approved to build a community of over 300 apartments. As previously mentioned, this property is in the center of all the action and will generate great income for its future owner.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.26
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$2,000,000
-
Tax Amount
7699.23
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
Listing Courtesy of Seul Lee , Samson Properties
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