Silver Spring Real Estate | Silver Spring Properties over $2,000,000 for Sale

Two (2) adjacent parcels totaling 0.8 acres improved by two (2) residential buildings [10400 Lorain Ave: 4,954 SF (2 stories) 10410 Lorain Ave: 1,270 SF (1 story)] • Opportunity for developer to join the properties for townhouse or multi-unit living • Daycare, educational, residential care facility or medical uses permitted per R-60 zoning • Highly affluent demographics in surrounding area • Prominent location with potential visibility to Rt. 29, a major north-south artery in Montgomery County • Short drive to I-95, I-495 and Downtown Silver Spring and its many amenities • Can be sold separately or together

10400 Lorain Ave, Silver Spring

Listing courtesy of Mackenzie Commercial R E SVCS, LLC. Contact: (410) 821-8585

$3,000,000

ACTIVE Status

Rare Land Assemblage – Sold as One Offering. Exceptional opportunity to acquire two contiguous parcels totaling approximately 6± acres in Montgomery County, Maryland. Offered exclusively as a package, the assemblage includes 15501 Wintergate Road (improved parcel) and Norbeck Road (unimproved parcel with frontage on Radwick Lane). Strategically located within one of Montgomery County’s established residential corridor, this offering presents an outstanding opportunity for builders, developers, and investors. Previous engineering and planning studies contemplated a 6–10 lot residential subdivision, subject to Montgomery County approvals, with additional future development potential to be independently evaluated by the purchaser. Ideally situated with convenient access to Norbeck Road, Georgia Avenue (MD-97), the Intercounty Connector (MD-200/ICC), Rockville, Olney, and downtown Bethesda, the site is surrounded by established neighborhoods, parks, shopping, dining, recreational amenities, and major commuter routes. The parcels are offered as one package only and will not be sold separately. Buyer is responsible for conducting independent due diligence regarding zoning, subdivision potential, density, utility availability, environmental conditions, and all governmental approvals. Surveys, engineering reports, and additional due diligence materials may be available upon request.

15501 Wintergate Dr, Silver Spring

Listing courtesy of TTR Sotheby's International Realty. Contact: (202) 333-1212

$3,000,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE Status

Rare Land Assemblage – Sold as One Offering. Exceptional opportunity to acquire two contiguous parcels totaling approximately 6± acres in Montgomery County, Maryland. Offered exclusively as a package, the assemblage includes 15501 Wintergate Road (improved parcel) and Norbeck Road (unimproved parcel with frontage on Radwick Lane). Strategically located within one of Montgomery County’s established residential corridor, this offering presents an outstanding opportunity for builders, developers, and investors. Previous engineering and planning studies contemplated a 6–10 lot residential subdivision, subject to Montgomery County approvals, with additional future development potential to be independently evaluated by the purchaser. Ideally situated with convenient access to Norbeck Road, Georgia Avenue (MD-97), the Intercounty Connector (MD-200/ICC), Rockville, Olney, and downtown Bethesda, the site is surrounded by established neighborhoods, parks, shopping, dining, recreational amenities, and major commuter routes. The parcels are offered as one package only and will not be sold separately. Buyer is responsible for conducting independent due diligence regarding zoning, subdivision potential, density, utility availability, environmental conditions, and all governmental approvals. Surveys, engineering reports, and additional due diligence materials may be available upon request.

15501 Wintergate Dr, Silver Spring

Listing courtesy of TTR Sotheby's International Realty. Contact: (202) 333-1212

$24,000,000

ACTIVE Status

There are TWO Buildings here: The Barbizon with 74 Apartments, a Management Office, and circular driveway; The Dalton has 94 apartments and circular driveway sharing the management office with the Barbizon. Both buildings face Sligo Avenue. The apartments in both buildings are large, have concrete floors, laundry rooms on each floor of The Barbizon and two in The Dalton. Two entries into the property and three exits out of the property.

735 Sligo Ave, Silver Spring

Listing courtesy of Arnold Kronman Litman. Contact: 3019080093

$3,800,000

ACTIVE Status

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: $3,800,000 at 6% cap rate based on current 2026 revenue with 20% (3,827 s.f.) of the building available for lease. When fully leased this building will produce approximately an 8% cap rate at the current asking price. 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.

912 Thayer Ave, Silver Spring

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

$3,500,000

ACTIVE Status

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 Ave, Silver Spring

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

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