Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Multi Units, Zoned, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Brick, Concrete

  • Parking

    On Street, Garage

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.16

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $3,500,000

  • Tax Amount

    22424.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Accessibility Features

    Accessible Hallway(s)

  • Sewer

    Public Sewer

  • Tax Lot

    3

  • Water Source

    Public

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Location

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MONTGOMERY

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Listing Courtesy of Lawrence Rosen , Commercial & Investment Realty Associates, LLC.

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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.

8216 GEORGIA AVENUE

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Related Properties

New on site today
OWNER USER or INVESTMENT BUILDING - FOR SALE
18,753 Square Foot - Office Building – Class “A” Finishings 
912 Thayer Avenue, Silver Spring, Maryland 20910 

SALES PRICE:     Option 1)           $3,800,000 at 5.7% cap rate based on current 2025 current revenue with 24.7% (4,607 s.f.) of the building available for lease.  When fully leased this building will produce approximately an 8% cap rate.

                                     Option 2)           $300,000 for 1/3rd interest in the Grand Design Building.  Simultaneously with the purchase the 3 owners will refinance and guarantee a new loan of +/-$2,050,000.

IMPROVEMENTS:           +/- 18,635 s.f. of rentable sq. ft. on three levels (+/- 6,200 s.f. per floor).   This building and its furnishings resemble a Class “A” appearance. This mixed-use building is demised for multiple tenants with the potential of all or most of the 3rd floor for a single tenant or a new owner occupant.  Initially constructed in 1960 this building was completely gutted, reframed and rebuilt in 2005 and professionally maintained to date.  The structure is metal beams and posts and the exterior facade consists of brick and Dry-vit panels.  There is a flat built-up roof system.  The “operable” windows are double pane insulated glass in aluminum frames.  There is an OTIS elevator with a 3,000-pound capacity, two stairways and direct walk-in access to all spaces providing accessibility for all.  Primary access is via the Thayer Ave. vestibule / lobby entrance at grade that leads to a center corridor, elevator and access to all suites.  Floors are a combination of wood, carpet, ceramic and granite tiles over a concrete subfloor.  Ceilings consist of drywall, acoustic tile or open style industrial design with LED fixtures throughout.  There are separate modern men’s and woman’s multi-stall bathrooms on each floor.  HVAC is provided by a two-pipe system with boiler, cooling tower and chiller located in the 4th floor mechanical room.  HVAC for the 3rd floor and corridors is provided by 4 roof top units.  Roof access through large 4th floor storage room.  The 22 interior or exterior security cameras, temperature controls and building access can be controlled remotely through a cell phone.  Landlord has remodeled common areas, lights, tenant finishes and exterior lighting and maintains constant maintenance as needed.

POTENTIAL OWNER / OCCUPANT 3rd FLOOR:  The third floor (+/- 6,200 s.f.) is substantially set up as a single tenant space which has been divided into small office suites and open floor design without clear separation.  There is a central kitchenette and conference room.  This would make a trophy space for a new owner occupant buyer.

RENT ROLL:        Complete rent roll can be provided upon request.

PARKING:           There are street metered parking spaces in front of the building along Thayer Avenue and on the surrounding streets.  Property is located within the Central Business District which is a parking district.    Directly behind the building is a +/- 200-space County garage (garage #3) and the County Metro garage #5 & #55 are across Georgia Avenue that contains +/- 1,772 spaces.  

FUTURE PURPLE LINE METRO STATION / DEVELOPMENT:  The entire 16-mile Purple Line route is scheduled for completion near the end of 2027.  Construction and related road resurfacing in downtown Silver Spring are nearing completion and are likely to be finished this year.  A new Purple Line Metro station will be located approximately 1.5 blocks from the subject property, at the intersection of Wayne Ave./Bonifant Street and Fenton Street at the Silver Spring Library. The existing Red Line Metro station is approximately three blocks away, at Colesville Road and Wayne Avenue.
#MDMC2214766

SILVER SPRING

912 THAYER AVENUE

None Beds

None Baths

19,722 Sq.Ft.

$3,800,000

MLS#: MDMC2214766

 - property

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