Feasty Crab seafood restaurant for sale in Derwood

Feasty Crab at 16811 Crabbs Branch Way at The Grove shopping center in Derwood is being marketed for sale. The seafood and crab boil restaurant opened here three years ago. Its lease expires in February of 2031, and the restaurant is offering the potential buyer two weeks of training. The asking price for the restaurant is $350,000, according to the online listing.

Rockville's newest streets named for notable Black figures in Montgomery County education

The newest roads in the City of Rockville have been constructed in its newest neighborhood, the Farmstead District at 16144 Frederick Road. Street signs have been installed on the completed streets, and they have been named for notable Black figures in Rockville history, particularly in the field of education. 

Nina Clarke Drive recalls a granddaughter of slaves who graduated from the Rockville Colored School in 1934, and would become the first African-American supervisory resource teacher in the integrated county school system. By 1968, Clarke was the principal at Aspen Hill Elementary School in Rockville.

George Thomas Road is named for Dr. George B. Thomas, Sr., founder of the Saturday School program in Rockville, in partnership with Montgomery County Public Schools. Begun in 1986, the program has since provided instruction to thousands of students at 12 sites across the County. This was the capstone of a career at MCPS, and in the U.S. Air Force before that.

Odessa Shannon Way pays tribute to the first Black person to be elected to public office in Montgomery County. Shannon was elected to the Montgomery County Board of Education in 1982.

Henson Norris Street commemorates a founding member of the Rockville Colored School Board. The board raised funds to construct and open the original Rockville Colored School in a two-room schoolhouse in 1876. It was located on what is today the parking lot of the Snowden Funeral Home.

Speaking of construction, the homes at Farmstead District continue to reach completion at the new development, which is a partnership between EYA and Pulte Homes. A sign shows how many of each model have sold, and how many remain.

Watkins Cabinet Co. closes after 73 years in Montgomery County, property for sale

Watkins Cabinet Company has closed at 18001 Sellman Road in Dickerson, after 73 years in business. Its 14,884-square-foot factory and warehouse facility has been put on the market for sale. This is a prime 1.43-acre property for an industrial/manufacturing use, as it is right on the CSX Metropolitan Subdivision tracks, part of a major freight and Amtrak route between Washington, D.C. and Chicago. That creates the opportunity for direct freight rail shipping across the nation, or to ports in Baltimore and Norfolk. 

I have suggested for many years that Montgomery County sit down with CSX and try to create attractive industrial sites alongside the railroad. This could be for the manufacture of anything from furniture to pharmaceuticals to drones. In exchange for the new freight business, CSX might then cooperate for the additional track that has been sought for use by MARC commuter rail on this line. According to the online sale listing, the asking price for the Watkins Cabinet property is $2,000,000. If Montgomery County is serious about getting the third track, these are the types of opportunities they should be investigating in partnership with CSX. Even without a third track, moribund Montgomery County needs the business and high-wage job growth.

Wilbur Watkins founded Watkins Cabinet Company in 1952. It remained family-owned for all 73 years. You might have a Watkins cabinet, vanity, bar, or bookcase in your home right now, if you live in the Washington, D.C. region.

Photos courtesy Brian Jamison Real Estate

You could be 7-Eleven's landlord in Germantown

If you have $4 million burning a hole in your pocket, you could take a Big Bite out of Germantown real estate. The land underneath the 7-Eleven convenience store and gas station at 12861 Clopper Road has hit the market for sale. You would become the landlord for 7-Eleven under this triple net lease (NNN) arrangement. The online sale listing offers some interesting facts about this 7-Eleven, such as its status in the 91st-percentile of customer traffic for the brand among all 7-Eleven stores in the United States, that 321,000 customers have patronized this 7-Eleven in the last 12 months, and that the store has about 5.5 years left on its current lease.

Sherwin-Williams building up for sale in Rockville

A commercial building in a high-visibility location is now on the market in Rockville. 856 Rockville Pike is being offered at the asking price of $4,075,000. It is not only on the very busy commuter route of MD 355, with an average of 62,800 vehicles passing it per day, but is also across from Wintergreen Plaza. The current tenant is Sherwin-Williams Paints, which has 10 years remaining on its lease, with 2 5-year extension options. Built in 1970, the building was renovated in 2020, according to the online listing.

Rita's Italian Ice for sale in Derwood

Rita's Italian Ice & Frozen Custard at 7211 Muncaster Mill Road in Derwood is available for sale. The shop shares a building with Ledo Pizza across the street from the Red Mill Shops. It has walk-up window sales, and outdoor seating. 

The asking price is $260,000, according to the sale listing. Inventory is not included in the sale price. Rita's opened here in 2017, and remains open for business.

Want to buy the Derwood CVS?

Have you ever wanted to own a CVS Pharmacy? Now you can. Become the landlord for the CVS at 17651 Redland Road in Derwood, in the Redland Plaza shopping center. It will only cost you $5,600,000. CVS has 21 years remaining on their lease here, according to the sale listing. $280,000 annual rent with step increases are in your future, along with all the cash register tape you can handle.

Rockville restaurant for sale

Live Crawfish & Seafood at 765-F Rockville Pike at the Ritchie Center is being marketed for sale. The restaurant remains open for business. A liquor license and food inventory is being included in the sale offer. The asking price for the business is $289,000, according to the listing. Live Crawfish & Seafood has been open since 2017 in Rockville.

Ding Tea for sale in Rockville

Ding Tea, a tea shop selling bubble tea, milk tea, macha and more at 785-C Rockville Pike, is being marketed for sale. The shop remains open, but according to the sale listing, the owner is moving out-of-state and would like to sell the business. Asking price is $650,000. The lease for the shop at the Ritchie Center has two years remaining on it, with a 5-year renewal option.

Ding Tea opened in January 2020, but managed to survive the pandemic lockdowns and downturn. Rent for the shop's space is currently $5100 a month, according to the sale listing.

Rockville Home Depot for sale on Shady Grove Road

Have you always wanted to own a Home Depot? Now, your dream can come true at the 270 Center on the border of Rockville and Gaithersburg. The 102,190 square foot Home Depot store at 15740 Shady Grove Road is now available for sale. A co-anchor of the retail property with Best Buy, the Home Depot is a triple-net lease (NNN) ownership opportunity at a shopping center soon to add an Amazon Fresh grocery store. The asking price is not public, but the store is currently valued at an assessment of $27,020,300, according to the sale listing.

Photo courtesy CBRE

Chase Bank property for sale in Rockville before the bank has even opened

The property that will soon house a Chase Bank branch at 460 Hungerford Drive in Rockville is now on the market for sale. After a controversial debate over the historical significance of a retail building on the site, including the trashing of a highly-respected prominent architect who designed it, Chase Bank finally received approval to demolish it and build a branch there. The current property sale would give the prospective buyer fee-simple ownership of the land, while Chase pays for maintenance, taxes and other costs. However, to see the sale price and terms, you must sign a non-disclosure agreement first.

Mandarin Express restaurant for sale in Rockville

Mandarin Express at 15209 Frederick Road in Rockville is for sale, but remains open for business. The owner is thinking of retiring, and is marketing the Chinese restaurant at an asking price of $150,000. It is in a high-visibility location on MD 355, near its busy intersection with E. Gude Drive. The owner is willing to help guide the purchaser in learning the operations of the restaurant, as well as share the recipes that have earned Mandarin Express 25 years in business, and a 3.8 star (out of 5) rating on Google.

Want to buy a Walgreens in Rockville?

The building currently home to Walgreens at 430 Hungerford Drive in Rockville is for sale. Before you hear the asking price, you may want to have a seat. Buying this property will set you back a wallet-busting $10,650,000.

Rather than indicating that Walgreens is struggling, the selling point of the building is that the Walgreens is a successful, highly-desirable tenant. Walgreens has an absolute net lease with 7 years remaining on it, and rent escalations every five years. The drugstore opened in 2013; its 1970 building was previously home to the legendary Orange Ball Billiards and Cafe.

Another reason you'll have pay over $10 million, is the redevelopment potential of the site. You could practically throw a football and hit the Rockville Metro station from the property. Assemble additional parcels, and you would have a very profitable redevelopment opportunity, but a nice opportunity even by itself.

Launch Trampoline Park for sale in Rockville

Launch Trampoline Park in Randolph Hills is for sale, according to an online listing. The asking price is nearly $2 million. Under "reason for selling," the listing states, "Timing wrong and not the business for the investors." Speaking of wrong timing, coronavirus is now here, and a business like this will have to make significant adjustments to its operations for at least the next couple of years. The listing acknowledges that the financial numbers it provides do not take the impact of Covid-19 into account.

Pizza Palace for sale in Rockville

Rockville's Pizza Palace is for sale. The pizzeria, located at 14050 Travilah Road, has been in business for just over 20 years. If you've ever wanted to own your own pizza parlor, the asking price for the Palace is $64900, according to the online sales listing.