$ 1,195,000
-
$1,195,000
Price -
4,000
SqFt -
0.03
Acre
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About the Listing TTRS13 - 52408
Rare opportunity in the heart of Kentlands! This unique four unit mixed use building offers exceptional potential for passive income in one of Montgomery County's most desirable and walkable communities. Featuring steady long term tenants in the retail spaces and second floor apartment, this property provides immediate income with tremendous upside. Recent high end renovations to the apartment and basement showcase quality finishes and thoughtful design. Live in the top floor residence while enjoying income from the other units, or add this exceptional asset to your investment portfolio. Just steps from Whole Foods, shops, restaurants, and all that Kentlands has to offer, this is truly a rare offering that combines lifestyle and investment potential. Income from day one, with room to grow. The first floor is leased to an established hair salon whose renewal options could extend through 2033, with 2% annual rent increases, a tenant-funded build-out, and two reserved parking spaces. The second floor is leased to a professional office tenant on a flexible month-to-month basis, with property tax increases passed through to the tenant. Tenants pay their own phone, internet, insurance, and interior upkeep; the owner covers gas, water, electric, and major building systems. Additional future income potential from the top-floor residential unit and the lower-level commercial space. Hurry this one will not last!
Listing Highlights for 316 Main St
Status
Active
Days on Site
141
Property Type
Commercial Sale
MLS ®
MDMC2242098
Year Built
2001
Total Square Footage
4,000
Lot/Acreage
0.03
Interior Details
- Appliances:
- Air Cond: Central A/C
- Heating: Heat Pump(s),Central,Forced Air
- Fireplaces:
- Floor: Carpet,Ceramic Tile,Laminate Plank
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: MXD
- Roof: Asphalt
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $12,807
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
316 Main St Gaithersburg, MD 20878
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