Active
8216 Georgia Ave
Silver Spring MD, 20910
$3,500,000
$599.01 per sqft
Active
5,843 sqft
Commercial
Built in 1922
USER BUILDING SELLER FEELS BUILDING CAN BE DELIVERED VACANT FOR A USER
FOR SALE
IDEAL FOR LOUNGE, RESTAURANT, EVENT CENTER, RELIGIOUS USES, ETC.
5,843 Sq. Ft.
8216 Georgia Avenue
Silver Spring, Maryland 20910
TENANT: Entire property is leased to Third Hill Brewing Co. BUT CAN BE DELIVERED VACANT. This is a NNN lease except landlord covers the fire insurance cost. Tenant pays real estate tax, utilities, all maintenance including roof, structure, HVAC and other interior components.
SQUARE FEET: 5,843 s.f. of building at street level. The property contains +/- 7,062 square feet of land.
SALES PRICE: $3,500,000
REAL ESTATE TAX / INSURANCE: 2023 real estate taxes of $22,045 paid by tenant & building insurance of $1,482 paid by landlord.
IMPROVEMENTS: This is a single level in-line cinderblock and brick retail building facing Georgia Avenue in downtown Silver Spring. There are multiple access points from the front, side and rear. The space is wheelchair accessible from a ramp along the side of the building and the building is sprinklered. The primary structure was built around 1922, however in 2017 the building was gutted and completely redesigned for its current use and brought up to code. There are two HVAC package units (10 ton and 5 ton) with gas fired furnace heat and electric A/C on the roof and interior ductwork providing central heat and air. The floors are smooth concrete. The roof is a white TPO rubber system with R-25 rigid insulation.
The interior is designed in sections that include the large Tap Room in the front along Georgia Ave., the large rear Brewery Room, exterior dining/gathering area, a kitchen, two large bathrooms, large walk-in cooler, office, storage and trash room.
The Tap Room contains seating for +/- 60 people with plenty of additional standing room as well, along with exterior elevated seating with a full canopy above with 4 large tables that can accommodate an additional +/- 24 people. The Tap Room has a bar / counter, 16 beer taps, hand sink, dishwashing station, customer water dispenser and two large glass panel roll up doors that provide an open and airy sensation to the space. There are high ceilings throughout the building.
The large Brewery Room contains multiple stainless steel fermenter tanks and brewing equipment. This area has high ceilings, skylights, floor drain, storage, etc. There is a large open area allowing people to gather and view the activities within this space.
There is a Kitchen area (+/- 216 s.f.) for assembling of prepared foods. This room contains 4 refrigerators, 3 compartment sink, 2 handsinks and counters. There is no hood system. There is a large walk-in cooler (+/- 400 s.f.) for storage of kegs and other beverages.
SECURITY AGREEMENT: In the event of a default under the lease by tenant, landlord holds a lien on tenant's equipment. A full list of the secured items can be provided as needed.
MDMC2139366
MLSⓇ ID
July 8, 2024
Listed
December 6, 2024
Updated
Map
8216 Georgia Ave
Silver Spring MD, 20910
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.16 Acres
Sewer
Public Sewer
Other Property Details
Taxes
$22,424
Tax Frequency
Annually
Days on Market
151
Garage
No
Parking
On Street
View
No
County
MONTGOMERY
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
12/4/2024 | Price change | $3,500,000 -13% |
Listed by Commercial & Investment Realty Associates, LLC.
Listing Contact: 3017938901
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Data last updated on 12/6/2024 at 2:48 AM UTC