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106-108 E Diamond Ave

3,060 SF Retail Building Gaithersburg, MD 20877 $1,680,000 ($549/SF)

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Investment Highlights

• Rare free-standing restaurant property in Montgomery County for sale
• Dense surrounding residential population.

• Excellent visibility from both E Diamond Ave and Russell Ave.
• Turnkey, mint condition

Executive Summary

This free-standing restaurant property offers an exceptional investment opportunity in the heart of Olde Town Gaithersburg. The building, which totals 3,060 SF (2,380 SF on the first floor and 680 SF on the lower level), was renovated in 2015 and is currently occupied by Don Jorge's with a lease term through May 2024. Situated on a .39-acre lot, the property is zoned CBD and offers 28+ surface parking spaces. With outstanding visibility from both E Diamond Ave and Russell Ave, the location benefits from an average of 24,755 vehicles passing daily and is within walking distance of the MARC-Gaithersburg Station and a short distance from Route 355 and I-270. Surrounded by a dense residential population, this turnkey property is in mint condition and offers a rare opportunity to acquire a high-visibility, income-generating asset in Montgomery County.

Marketing Brochure/Flyer

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Restaurant

Building Size

3,060 SF

Building Class

Year Built/Renovated

1977/2015

Price

$1,680,000

Price Per SF

$549

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Land Acres

0.39 AC

Opportunity Zone

Yes

Zoning

CBD - Central Business District

Parking

28 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

47 FT on Diamond Ave

Amenities

Pylon Sign

Space Availability

1st Floor
3,060 SF
Restaurant
Outparcel
Now

2nd Generation turnkey restaurant space offers 2,380 SF on the first floor and an additional 680 SF on the lower level, located on a 0.39-acre lot in the heart of Olde Town Gaithersburg. Recently renovated in 2015, the property is zoned CBD and features 28+ surface parking spaces. With excellent visibility from both E Diamond Ave and Russell Ave, the space is easily accessible, with 24,755 vehicles passing daily and walking distance to the MARC-Gaithersburg Station. Surrounded by a dense residential population and offering flexible lease terms, this property is ideal for restaurant or other commercial uses, making it a prime location for any business looking to capitalize on high foot traffic and a vibrant community.