5144 Massachusetts Ave - Churches FOR SALE


Bethesda, MD 20816
$14,995,000 USD
443-529-0505
5144 Massachusetts Ave, Bethesda, MD for Sale
$14,995,000 USD
Churches - FOR SALE
1/4
null | Request Cap Rate

5144 Massachusetts Ave
Bethesda, MD 20816


OVERVIEW

Just taken to market: a 28,700 SF church property situated on 2.15 acres, zoned R-60, in an exceptional Bethesda location. The property is architecturally beautiful and benefits from strong interim income. Montessori School tenant occupies a portion of the premises on a month-to-month lease, generating $7,000/month Verizon and T-Mobile have cellular equipment located in the steeple, producing an additional ~$7,000/month in combined income Significant land component and zoning may offer long-term redevelopment or repositioning potential (buyer to verify) This is a rare opportunity to acquire a high-quality, well-located institutional asset with immediate cash flow and compelling future upside.

FOR SALE DETAILS

PRICE

$14,995,000 USD

PRICE/SF

$522 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

R-60

APN/PARCEL ID

07-00546193

ASK ABOUT THIS PROPERTY

Mr. Evan LangertLangert CommercialMore Info
443-529-0505

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Mr. Evan LangertLangert CommercialMore Info
443-529-0505

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