1021 University Blvd - Storefront Retail/Office FOR SALE


Takoma Park, MD 20903
$2,900,000 USD
703-216-8222
1021 University Blvd, Takoma Park, MD for Sale
$2,900,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | Request Cap Rate

1021 University Blvd
Takoma Park, MD 20903


HIGHLIGHTS

  • Across the street from future Metro stop
  • Stable tenants in place
  • Corner property large lot with plenty of parking

OVERVIEW

*Retail/Office building in super location across the street from future (2027) Purple Line Metro station. *Ideal for an investor or user looking to own their location and capture potential future development. *Each office/retail unit is self-contained with its' own HVAC, separately metered electric *Superior corner location with plenty of parking for tenants and their customers *Current owner invested in marquee sign for tenants providing great exposure *Investors - potential for revenue growth NN investment Landlord pays some expenses *Zoning is CRT (Commercial Residential Town) which supports future consolidation and development which is limited to between 0.25 and 4.0 FAR and to 35’-150' height *2024 NOI of 250k - call for details.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1021 University

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CRT

APN/PARCEL ID

13-03163240

ASK ABOUT THIS PROPERTY

John SaboBerkshire Hathaway | PenFed RealtyMore Info
703-216-8222

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John SaboBerkshire Hathaway | PenFed RealtyMore Info
703-216-8222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.