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8216 Georgia Avenue

SILVER SPRING, MD 20910
  • $4,000,000
  • STATUS: Active
  • ON SITE: 89 Days
  • ID#: MDMC2139366
UPDATED: 64 min ago
$4,000,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1922
County:

School Ratings & Info

Description

USER BUILDING SELLER FEELS BUILDING CAN BE DELIVERED VACANT FOR A USERFOR SALE5,843 Sq. Ft. 8216 Georgia AvenueSilver Spring, Maryland 20910TENANT: Entire property is leased to Third Hill Brewing Co. through February 28, 2029. There are 15% rental increases every 5-year period. Tenant has 2 five-year options to extend. 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: $4,000,000 5.8% cap rate 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 tenants equipment. A full list of the secured items can be provided as needed.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or SURE Group | Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-06T18:50:39.58.
www.suresalesgroup.com/homes/152379030
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8216 Georgia Avenue SILVER SPRING, MD 20910

  • Price: $4,000,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 64 min ago
  • ID#: MDMC2139366
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1922
Built
County:
Montgomery
School District:
Montgomery County Public Schools
Property Description
USER BUILDING SELLER FEELS BUILDING CAN BE DELIVERED VACANT FOR A USERFOR SALE5,843 Sq. Ft. 8216 Georgia AvenueSilver Spring, Maryland 20910TENANT: Entire property is leased to Third Hill Brewing Co. through February 28, 2029. There are 15% rental increases every 5-year period. Tenant has 2 five-year options to extend. 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: $4,000,000 5.8% cap rate 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 tenants equipment. A full list of the secured items can be provided as needed.
Exterior Features

Construction Materials BlockBrickConcrete Garage YN No Parking Types On StreetPublic Garage Property Condition Excellent Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5843.00 Cooling Central A/CMulti UnitsProgrammable ThermostatRoof MountedZoned Heating Other Heating YN Yes Net Square Feet 5843.00

Property Features

Accessibility Features 36"+ wide HallsLevel Entry - MainNo StairsRamp - Main Level Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 803199985894 Ownership Interest Fee Simple Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 22424.00 Tax Lot 3 Vacation Rental YN No Water Source Public Year Built Effective 2017 Zoning CR5.0

Listing courtesy of Commercial & Investment Realty Associates, LLC.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or SURE Group | Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-06T18:50:39.58.
 
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3500 Boston Street
Baltimore MD, 21224