The building currently occupied by Third Hill Brewing Co. in downtown Silver Spring has been placed on the market.
Commercial real estate website LoopNet indicates that the building at 8216 Georgia Ave. was listed at the end of May with an asking price of $4 million (PDF); nearly all equipment and fixtures are included in the sale. Commercial realtor Larry Rosen, representing the property owner Ripley Project LLC, manages the listing.
According to business records, the LLC is registered to a Bethesda address associated with Washington Property Company, which also owns the nearby Solaire apartment buildings.
IMPROVEMENTS: The interior is designed in sections that include the large Tap Room in the front along Georgia Ave., the large rear Brewery Room, exterior dining/gathering area, a kitchen, two large bathrooms, large walk-in cooler, office, storage and trash room.
The Tap Room contains seating for +/- 60 people with plenty of additional standing room as well, along with exterior elevated seating with a full canopy above with 4 large tables that can accommodate an additional +/- 24 people. The Tap Room has a bar / counter, 16 beer taps, hand sink, dishwashing station, customer water dispenser and two large glass panel roll up doors that provide an open and airy sensation to the space. There are high ceilings throughout the building.
The large Brewery Room contains multiple stainless steel fermenter tanks and brewing equipment. This area has high ceilings, skylights, floor drain, storage, etc. There is a large open area allowing people to gather and view the activities within this space. The brewery equipment conveys with the sale along with most all the equipment and all fixtures in the building.
There is a Kitchen area (+/- 216 s.f.) for assembling of prepared foods. This room contains 4 refrigerators, 3 compartment sink, 2 handsinks and counters. There is no hood system. There is a large walk-in cooler (+/- 400 s.f.) for storage of kegs and other beverages.
This is a single level in-line cinderblock and brick retail building facing Georgia Avenue in downtown Silver Spring. The space is wheelchair accessible from a ramp along the side of the building and the building is sprinklered. The primary structure was built around 1922, however in 2017 the building was gutted and completely redesigned for its current use and brought up to code. There are two HVAC package units (10 ton and 5 ton) with gas fired furnace heat and electric A/C on the roof and interior ductwork providing central heat and air. The floors are smooth concrete. The roof is a white TPO rubber system with R-25 rigid insulation.
Robert Dyer reported on Thursday that Third Hill, which took over the premises from Astro Lab Brewing after its closure last year, has a lease that includes two options for five-year extensions and currently extends through February 2029.
Third Hill will celebrate its first anniversary on Saturday, June 22.