106-108 E Diamond Ave 3,060 SF Retail Building Gaithersburg, MD 20877 $1,680,000 ($549.02/SF)
INVESTMENT HIGHLIGHTS
- • Rare free-standing restaurant property in Montgomery County for sale
- • Dense surrounding residential population.
- • Excellent visibility from both E Diamond Ave and Russell Ave.
- • Turnkey, mint condition
EXECUTIVE SUMMARY
This free-standing restaurant property offers an exceptional investment opportunity in the heart of Olde Town Gaithersburg. The building, which totals 3,060 SF (2,380 SF on the first floor and 680 SF on the lower level), was renovated in 2015 and is currently occupied by Don Jorge's with a lease term through May 2024. Situated on a .39-acre lot, the property is zoned CBD and offers 28+ surface parking spaces. With outstanding visibility from both E Diamond Ave and Russell Ave, the location benefits from an average of 24,755 vehicles passing daily and is within walking distance of the MARC-Gaithersburg Station and a short distance from Route 355 and I-270. Surrounded by a dense residential population, this turnkey property is in mint condition and offers a rare opportunity to acquire a high-visibility, income-generating asset in Montgomery County.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,060 SF
Building Class
C
Year Built/Renovated
1977/2015
Price
$1,680,000
Price Per SF
$549.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
28 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
2nd Generation turnkey restaurant space offers 2,380 SF on the first floor and an additional 680 SF on the lower level, located on a 0.39-acre lot in the heart of Olde Town Gaithersburg. Recently renovated in 2015, the property is zoned CBD and features 28+ surface parking spaces. With excellent visibility from both E Diamond Ave and Russell Ave, the space is easily accessible, with 24,755 vehicles passing daily and walking distance to the MARC-Gaithersburg Station. Surrounded by a dense residential population and offering flexible lease terms, this property is ideal for restaurant or other commercial uses, making it a prime location for any business looking to capitalize on high foot traffic and a vibrant community.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,060 SF | Restaurant | Outparcel | Now |
1st Floor
| Size |
| 3,060 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-01806824 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,318,967 |
