Property

Gaithersburg, MD 20877 101 Chestnut Street # 2

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Presented By: Fairfax Realty Premier
  • MLS# MDMC2222104
  • 03/15/2026
  • Request Tour
  • Request Info
  • SQFT • 2,678

Home Details

This well-maintained, two-level commercial townhouse condo offers 2,600+ square feet of professional office space. Currently home to an active counseling and therapeutic practice, the floor plan adapts readily to a broad range of professional services. The layout functions well as-is for a multi-practitioner practice and is ready for immediate occupancy. Spread across two floors, the unit includes nine enclosed windowed rooms, with one classroom and a dedicated reception area, wood floors throughout, two kitchen areas with one on each floor, and a bathroom with ceramic tiles on each level. An ample surface parking serves both staff and clients with ease. The property is conveniently located near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza, with straightforward access to Route 355 and I-270. The property is situated within a federally designated Opportunity Zone, which offers investors meaningful capital gains tax advantages on a long-term hold. Whether you are an owner-occupant or an investor, the combination of a turnkey, income-producing asset in a tax-advantaged location makes this a straightforward case for a closer look.
Presented By: Fairfax Realty Premier

Interior Features for 101 Chestnut Street # 2

Bathrooms

Total Restrooms2

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 101 Chestnut Street # 2

AccessibilityOther
Association Recreation Fee480.00
Association Recreation FeeY
Business TypeProfessional
CityGAITHERSBURG
Construction MaterialsVinyl Siding
Cool FuelElectric
CoolingCentral A/C
CountyMONTGOMERY
DirectionsUse GPS
HeatingCentral
Legal SubdivisionCHESTNUT COURT CODM
New ConstructionNo
Number Of Units Total1
OwnershipCondominium
PossessionSettlement
Possible UseBarber/Beauty, Financial, Institutional, Medical/Dental, Office, Professional Service, Retail, Spa
Price Per Sq Ft Total AG253.92
Property SubtypeOffice
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount7399.0
Tax Assessed Value575700.0
Tax Year2026
Unit Number2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1980
Year Built SourceEstimated
ZoningRB

Exterior for 101 Chestnut Street # 2

Building Area Total2678.00
Car Parking Spaces37
Land Assessed Value172700.00
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Total Loading Docks
Total Parking Spaces37
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Brian Lee

Associate
Price $680,000
MLS#MDMC2222104
List Date 03/15/2026
Property Type Commercial
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