$4,250,000
$4,500,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
11931-11941 TECH RD Silver Spring, MD 20904
27,220 SqFt
Key Details
Sold Price $4,250,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 27,220 sqft
Price per Sqft $156
MLS Listing ID MDMC2111030
Sold Date 12/30/24
Originating Board BRIGHT
Year Built 1967
Annual Tax Amount $41,903
Tax Year 2024
Lot Size 1.565 Acres
Acres 1.57
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.
Location
State MD
County Montgomery
Zoning CR0.7
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Concrete
Heat Source Natural Gas
Exterior
Garage Spaces 60.0
Water Access N
Roof Type Unknown
Accessibility None
Total Parking Spaces 60
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Montgomery County Public Schools
Others
Tax ID 160500259955
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Endeg Abebe • Long & Foster Real Estate, Inc.