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Long & Foster Commercial | 703.506.2850 | 8227 Old Courthouse Suite 200 | Vienna, VA 22182
11 Arch PlaceGaithersburg, MD 20878
Jennifer BurkeCommercial [email protected]
Ronald GlassSenior Vice [email protected]
Long & Foster Commercial | 703.506.2850 | 8227 Old Courthouse Suite 200 | Vienna, VA 22182
11 Arch PlaceGaithersburg, MD 20878
Jennifer BurkeCommercial [email protected]
Ronald GlassSenior Vice [email protected]
OFFERING SUMMARY
Sale Price: $485,000
Building Size: 1,334
Date Available: Immediately
Access Points: Quince Orchard
Rd
Price / SF: $363.57
Beautifully built wine bar and cafe with high end finishes and a retail beer and wine license. Casual diningarea, nice kitchen, lots of equipment and furniture. Very well maintained building. Currently no exhaustsystem in place but venting is possible.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Perfect Opportunity for a Cafe user to build equity while running their business or purchase and lease forstable income. Local area's average rental rate for retail is $27/SF NNN. At list price, this property wouldgenerate $36,018/yr in rental income or produce a 7.4% return per year.
• $175,000 was put into the initial renovation
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Long & Foster Commercial | 703.506.2850 | 8227 Old Courthouse Suite 200 | Vienna, VA 22182
Gaithersburg, MD 2087811 Arch Place
Long & Foster Commercial | 703.506.2850 | 8227 Old Courthouse Suite 200 | Vienna, VA 22182
11 Arch PlaceGaithersburg, MD 20878
Jennifer BurkeCommercial [email protected]
Ronald GlassSenior Vice [email protected]
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Second Generation restaurantwith Alcohol and Foodpermits. Can be used for anytype of retail concept
Retail space is in a mixed usehousing community with over800 residents.
Turn key restaurant space withhigh end finishes and custommill work throughout.
Long & Foster Commercial | 703.506.2850 | 8227 Old Courthouse Suite 200 | Vienna, VA 22182
Jennifer BurkeCommercial [email protected]
Ronald GlassSenior Vice [email protected]
