4923-4933 Saint Elmo Ave - Storefront Retail/Office FOR SALE
Bethesda, MD 20814- Woodmont Triangle |
$4,500,000 USD
301-789-6132
4923-4933 Saint Elmo Ave
Bethesda, MD 20814
Woodmont Triangle
HIGHLIGHTS
- 9,800 SF Retail Center in Bethesda between Norfolk Ave and Old Georgetown Rd.
- CR-3.0 Zoning – Allows for future redevelopment potential in one of Montgomery County’s most supply-constrained, high-barrier-to-entry retail corridor
- Parking Advantage – Eight (8) onsite surface parking spaces plus immediate access to an adjacent Montgomery County public parking garage.
- Value-Add Opportunity – 1,558 SF of vacant storefront retail space provides immediate lease-up potential to increase cash flow and drive near-term NOI
OVERVIEW
The Property consists of a ±9,800 square foot multi-tenant retail building situated on a ±9,000 square foot parcel at 4923–4933 St. Elmo Avenue in Downtown Bethesda. The building is currently configured with seven (7) retail units occupied by six (6) tenants and includes approximately 1,558 square feet of vacant storefront retail space. The Property features eight (8) onsite parking spaces and is located adjacent to a large Montgomery County public parking garage. The site is zoned CR-3.0 C-3.0 R-2.75 H-110, offering both near-term lease-up potential and long-term redevelopment upside.
FOR SALE DETAILS
PRICE
$4,500,000 USD
PRICE/SF
$459 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.21 AC
LAND SF
9,000 SF
ZONING
CR-3.0 C-3.0 R-2.75 H-110
APN/PARCEL ID
07-00553462
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301-789-6132
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301-789-6132
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