200-204 E. Diamond Avenue & 5 Park Avenue

Gaithersburg, MD

No Tour Available

Property Size

11,266 sq. ft.

Sale Price

$1.2 million

Description

Building 1: 200-204 E. Diamond Avenue
A total of approximately 4,445 rentable SF

First Floor:
Approximately 3,145 rentable SF of first floor retail space. Features glass storefronts and high exposure. A full basement is below the retail space in addition to the 3,145 SF.
Suite 200-202 is approximately 2,650 rentable SF, currently occupied by Minuteman Press on a month-to-month lease.
Suite 204 is approximately 495 rentable SF, currently occupied by Samser Travel Agency on a lease through 7/31/2020, with the landlord having the right to terminate with 6 months notice.

Second Floor:
Approximately 1,300 rentable SF of office space, one flight of steps above the first floor retail space.
200-B E. Diamond Avenue, Suite 1, is approximately 400 rentable SF and
is vacant.
200-B E. Diamond Avenue, Suite 2, is approximately 900 rentable SF and is occupied by Angel’s Multiservice on a month-to-month lease.

Building 2: 5 Park Avenue
A total of approximately 1,500 rentable SF

First Floor:
Approximately 750 rentable SF of office space occupied by Your Natural Hair Spot on a month-to-month lease.

Second Floor:
Approximately 750 rentable SF of office space occupied by Tabitha Harvey, an Avon distributor, on a lease through 8/31/2019, with the landlord having the right to terminate with 3 months notice.

The site features free assigned parking beside or in the rear of both buildings for tenants and guests. In addition, there is a multi-level public parking garage just across E. Diamond Avenue.

Lot size is approximately 11,266 square feet.

Due to the short term nature of the leases, the buildings can be delivered to the purchaser at closing completely vacant, or with one or more tenants in place as may be desired by the purchaser. This offers flexibility to the purchaser so they may occupy what space is needed, and have income on space which is not needed. As the purchaser may need to grow over time, tenants may be notified to vacate in order to accommodate the new owner.

Please contact Jay Clogg for more details on this rare opportunity!

Amenities

  • Exposure/Signage
  • First-floor Unit
  • Free Parking
  • Freestanding Building
  • Near Public Transportation
  • Office Space
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