Listed By:
Samson Properties
Address
11931-11941 Tech Road, Silver Spring, MD
Price
$ 4,500,000
Property Attributes
  • MLS#MDMC2111030
  • TypeCommercial
  • CountyMONTGOMERY
  • CitySilver Spring
  • Zip20904
  • StyleFlex
  • Year Built1967
  • Taxes$ 40763
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13500
  • Lot Size1.57 Acres
Data Source:
Bright MLS
Property Description

Building is in the active and very hot Tech Road corridor of Silver Spring, Maryland. There's a 7 million sq. ft. pending mixed use project nearby called Viva White Oak, which is slated to be life sciences, retail, and luxury residences. Also, the 7th Day Adventist Hospital is a few blocks away, and the new Amazon Fresh shopping center is one block away. The building is 1/2 mile from Chik-Fil-A, Panera, IHOP, TGI Fridays, Five Guys, etc., and is a block from the Silver Spring MVA and emissions test center. Tesla recently opened a facility close by, and there are almost 8 acres presently under construction nearby with luxury condos. The building is office space on the vacant second floor. Half of the second floor was most recently occupied by Eagle Bank, and the other half was most recently occupied by a limousine company. The bottom floor is completely leased to Hoffmaster's Auto Repair, a florist, and a printer.

Price History
10/20/2023 Listed $4,500,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession 0-30 Days CD
Roof Unknown
Zoning CR0.7
Construction Materials Brick
Exclusions All personal property.
Year Built 1967
Property SubType Mixed Use
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Flex
Accessibility None
County MONTGOMERY
New Construction No
Property Type Commercial Sale
Possible Use Office
Water Access Y/N No
Status ACTIVE
Directions Right on Industrial Drive from Route 29 north (Colesville Road). Right on Tech Road at stop sign.
ModificationTimestamp 2024-05-10T02:48:24
City SILVER SPRING
Buyer Agent Compensation 2.5
Total Units 1
Lot Size Square Feet 68188.00
Tax Assessed Value 2922733.0
Waterfront Y/N No
Street Name TECH
Tax Annual Amount 40763.0
Property Condition Good
Price Per Sq Ft 165.32
Historic Y/N No
Lease Considered Y/N Yes
Vacation Rental Y/N No
Days on Market 204
Standard Status Active
Year Built Source Assessor
Legal Subdivision COLESVILLE OUTSIDE
Tax Lot 10
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Flooring Concrete
Hot Water Electric
Total Stories 2
Heating Y/N Yes
Street Suffix ROAD
Central Air Y/N Yes

Exterior Features

Parking Features Surface
Water Source Public
Inclusions All fixtures not belonging to the tenants.
Total Parking Spaces 60
Type of Parking Parking Lot
Land Use Code I
Water View Y/N No
Building Area Total 27220.00
Lot Size Acres 1.57
Lot Size Units Square Feet
Lot Size Source Assessor
Total Loading Docks 3
Land Assessed Value 1227300.00
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N No
Car Parking Spaces 60

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 20904

Price
AVG $1.87M
$4.5M
Taxes
AVG $17,361
$40,763
Visits
AVG 267
254
Data Provided by Inside Real Estate®
Year Built
AVG 1954
1967
Walkscore
AVG 28
42
Data Provided by Walkscore® not using MLS data

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