Gold’s Gym Gaithersburg Building Sold for $3.68 Million

Montgomery County’s Revenue Authority purchased the building that was most recently home to Gold’s Gym at 18810 Woodfield Rd in Gaithersburg for $3.68 million in a deal that has been in the works for over five years, according to Maryland Newsletters.

This past summer we let you know that Gold’s Gym at 18810 Woodfield Rd in Gaithersburg, located next to the Montgomery County Airpark, would close in August. The gym’s last day in business was Friday, August 25. In an email Gold’s Gym sent to its members, the gym stated, “The county is taking the land back under what is called eminent domain relating to the neighboring airfield – we are being required to exit and turn the building back over to the landlord.”

The Maryland Newsletters report states that the County’s Revenue Authority paid $3.68 million for the 17,670 SF building that sits on the southeast corner of the airfield after the Federal Aviation Authority had identified it as necessary to expand the safety ring around the airport.