729 Erie Ave - Freestanding FOR SALE


Takoma Park, MD 20912
$1,700,000 USD
202-318-6800
729 Erie Ave, Takoma Park, MD for Sale
$1,700,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

NEW


729 Erie Ave
Takoma Park, MD 20912


HIGHLIGHTS

  • • Delivered Vacant at Closing | Ideal for a Full- or Partial-User
  • • 5,300-SF Building on a 9,616-SF Lot with 11 On-Site Parking Spaces
  • • Renovated in 2019 | Improvements to MEP, HVAC, Flooring, Etc.
  • • 1 Block from the Proposed Adventist Hospital Redevelopment Site

OVERVIEW

Feldman Ruel is pleased to offer for sale 725-729 Erie Avenue, a retail/office property with on-site parking in Takoma Park, Maryland, which will be delivered vacant. The subject property was fully renovated in 2019, minimizing build-out and maintenance costs for the purchaser. The 5,300-square-foot building can be configured for one or more users, making it an ideal full- or partial-user investment. 725-729 Erie Avenue’s CRT zoning designation allows for a broad range of commercial uses. Currently configured as a retail showroom, the first level of the subject property features 45 linear feet of storefront glass and ceilings averaging almost 11 feet in height. The subject property also includes an unfinished sublevel, a second-level office, a rear loading area with a roll-up door, and designated parking for 11 cars. Located in the vibrant neighborhood of Takoma Park, 725-729 Erie Avenue is one block from the Washington Adventist campus, where a proposed mixed-use development project would significantly increase the neighborhood's density and commercial activity.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,616 SF

ZONING

CRT

APN/PARCEL ID

13-01061903,13-01076301

ASK ABOUT THIS PROPERTY

Hannah McCannFeldman RuelMore Info
202-318-6800

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Hannah McCannFeldman RuelMore Info
202-318-6800

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