2,400 S.F. RETAIL – FOR LEASE
938 Wayne Avenue, Silver Spring, Md. 20910
IMPROVEMENTS: This highly visible retail space is located directly across from the Wayne Avenue Parking Garage. 2,000 s.f. on the first floor and 400 s.f. on the second level. Currently leased to Footlights until a new lease is signed. Some of the improvements include ducted central HVAC system, first floor all on grade, 1 large bathroom, drywall ceiling with a combination of spotlights and down lighting, laminate floor, gas hot water heater, rewired electrical system with multiple electric panels, front and rear doors, large glass retail storefront, steel stairway to 2nd level, and more. The space is leasing in as-is condition.
The building is located on Wayne Avenue between Georgia Avenue and Fenton Street just ½ a block from the future Purple Line Metro Station. A tenant could install a sign or awning at the store entrance and use the large display windows for signage as well. CR zoning, a wide variety of commercial uses are allowed in this zoning.
LEASE PRICE: $30 p.s.f., ($6,000 / month), NNN The 2024 triple net charges are currently $855 per month for real estate tax, $275 per month landlord’s insurance, plus tenants separately metered utilities. Based on these amounts the full rent per month will be $7,130 plus utilities.
