• Broker Larry Rosen 3017938901

8241 Georgia Ave 19,495 SF 100% Leased Retail Building Silver Spring, MD 20910 $5,000,000 ($256.48/SF) 6.41% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% Leased Retail Building For Sale
  • Located at corner of Georgia Ave. and Thayer Ave.
  • Fully sprinklered.
  • 1 block away from Future Purple Line Metro Station
  • Upside potential in rents as leases roll.

EXECUTIVE SUMMARY

FULLY LEASED RETAIL BUILDING FOR SALE of 19,495 s.f. of rentable sq. ft. on three levels plus core space in the lower level containing building sprinklers, electric and other building components. Divided up into 7 separately demised spaces. Site at corner of Georgia Avenue and Thayer Avenue. There is retail signage along both streets. The building is fully sprinklered, contains an elevator and two stairways or direct walk in access to all spaces. Each space except unit #1 has wheelchair accessibility. There is a flat membrane roof, painted masonry, ceramic tile, glass and Ipe exterior walls, aluminum double pain framed windows and multiple roof mounted gas fired package units with electric AC.
See marketing package attached with limited financial details. Seller is requesting potential buyers sign and return to Larry@cirealty.net the non disclosure agreement to be provided full financial details.
Cooperating agents welcome to participate, call for details.

ATTACHMENTS

8241 Georgia Ave. Limited Email Package 5-22-25
Non Disclosure Agreement 8241 Georgia Ave. S.S., Md. 20910

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,495 SF
Building Class
B
Year Built/Renovated
1987/2025
Price
$5,000,000
Price Per SF
$256.48
Cap Rate
6.41%
NOI
$320,596
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.03
Lot Size
0.22 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CR - Retail, Restaurant, Medical, Office and Service Uses Permitted
Frontage
99’ on Georgia Ave

AMENITIES

  • 24 Hour Access
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Luxury Braiding Palace
  • -
  • -
  • -
  • -
  • -
  • Mix Bar & Grill
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Apr 2019
  • Manufacturing
  • -
  • -
  • -
  • -

Top-Notch Jewelry and Watch Services Moren Inc. in Silver Spring, MD, has masterful craftsmen who can handle your precious jewelry and watches with utmost care. We repair as well as polish your accessories so that they look as good as new. Service That Never Disappoints At our family-operated store, our priority is to provide you with quality services. We strive to exceed your expectations with our quality repairs and products. Knowledgeable Assistance We have been in business for 86 years and are well versed in all watch and jewelry repairs. We can even provide you with a 1-year warranty on all our services.

  • Mulushea Llc
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Sugar Braid, LLC
  • Retailer
  • -
  • $24.00
  • Plus Electric
  • May 2028
  • Services
  • -
  • -
  • -
  • -

One important aspect you will notice about The Universal Church is how its doors are open 365 days a year, and the passion that it has for reaching out to those in need of spiritual guidance and restoration, regardless of their background, nationality, religion or even the erroneous choices they made in life. They believe anyone can change for the better. The Universal Church is driven by the love its pastors, volunteers and faithful congregants have for the God of the Bible Who rescued them and for the people around them. Those who are part of this amazing work make all efforts necessary to take the good news of deliverance, family restoration and salvation to the minds and hearts of those near and far. That is why the church continues to grow within the United States and also in many other countries. Today, The Universal Church is present in every state in Brazil.

  • Zeke Sport Cafe
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Luxury Braiding Palace - - - - -
Mix Bar & Grill Accommodation and Food Services - - Triple Net Apr 2019
Manufacturing - - - -
Mulushea Llc Accommodation and Food Services - - - -
Sugar Braid, LLC Retailer - $24.00 Plus Electric May 2028
Services - - - -
Zeke Sport Cafe Accommodation and Food Services - - - -

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
State Hwy 97 Bonifant St, S 40,063 2025 0.09 mi
Fenton St Thayer Ave, N 8,818 2023 0.12 mi
Wayne Ave Pershing Dr, SW 13,761 2025 0.14 mi
Wayne Avenue Pershing Dr, SW 14,535 2025 0.15 mi
Fenton St Easley St, S 10,196 2025 0.15 mi
US 29 Georgia Ave, S 4,520 2025 0.15 mi
Georgia Avenue Ellsworth Dr, NW 34,977 2025 0.16 mi
Sligo Avenue Selim Rd, W 5,319 2025 0.17 mi
Sligo Ave Mayor Ln, W 5,522 2025 0.17 mi
Wayne Ave Wayne Ave, W 12,302 2020 0.17 mi
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (88)

NEARBY MAJOR RETAILERS

Club Pilates
Planet Fitness
LA Fitness
Capital One
Citizens Bank
Chase Bank
Truist
Sandy Spring Bank
Bank of America
TD Bank

PROPERTY TAXES

Parcel Number 13-01042875 Improvements Assessment $1,393,400
Land Assessment $1,434,000 Total Assessment $2,827,400

PROPERTY TAXES

Parcel Number
13-01042875
Land Assessment
$1,434,000
Improvements Assessment
$1,393,400
Total Assessment
$2,827,400

MAP

ADDITIONAL PHOTOS

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View Photo Building Photo
View Photo Interior Photo
  • Listing ID: 36145073

  • Date on Market: 6/6/2025

  • Last Updated: 6/6/2025

  • Address: 8241 Georgia Ave, Silver Spring, MD 20910