9916 Main St - Bank FOR SALE


Damascus, MD 20872
$175,000 USD
301-706-4619
9916 Main St, Damascus, MD for Sale
$175,000 USD
Bank - FOR SALE
1/6
null | Request Cap Rate

9916 Main St
Damascus, MD 20872


HIGHLIGHTS

  • STARTING BID $175,000 | Former Truist Bank | Signalized Hard Corner | 18K VPD | Separate Drive-Thru | AUCTION DECEMBER 15-17
  • Former Truist Bank | 19,320 SF on 1.71 AC with Drive-Thru: Prominent Main Street frontage and strong visibility; ample on-site
  • Affluent & Stable Trade Area: 5-mile avg HH income ±$178,643 with 91.6% homeownership; Montgomery County is among the nation’s wealthiest counties.
  • Traffic & Access: Strategic frontage on Main Street with traffic of ±18,781 VPD supporting daily-needs and service-retail demand.
  • Nearby Retailers: CVS, Safeway, Starbucks, McDonald’s, Dollar Tree, Anytime Fitness, M&T Bank, Weis, and more
  • Mixed-Use CRT-1.75 Zoning (High Flexibility): Pedestrian-oriented district allowing wide uses—general retail, restaurant, day care, office, hotel

OVERVIEW

Marcus & Millichap is pleased to present a well-built former Truist Bank located at 9916 Main Street in Damascus, Maryland (the “Property”). Strategically located in suburban Washington, D.C., the Property is offered significantly below replacement cost and presents investors and users alike an exceptional opportunity for repositioning or redevelopment within one of Montgomery County's most stable and affluent trade areas. The property encompasses a ±19,320-square-foot retail building on a 1.71-acre parcel with a separate drive-thru and ample parking, offering exceptional visibility and access to support a broad mix of future uses. The Property is strategically positioned on a signalized corner parcel within a strong growth corridor with high street visibility and frontage. The Property offers desirable frontage along Main Street with traffic counts of 18,781 vehicles per day. The Property is zoned CRT-1.75 offering exceptional flexibility for a variety of uses. CRT-1.75 zoning is a mixed-use, pedestrian-oriented designation that permits an unusually wide array of retail, restaurant, office, hospitality, and residential options—creating multiple repositioning paths for investors or owner-users. Damascus is located at a key junction of Maryland Routes 27, 108 and, 124, about 30-miles northwest of Washington, DC in Montgomery County. Montgomery County is one of the wealthiest counties in the United States and the local economy is bolstered by affluent demographics with a 5-mile average household income of $178,643. The area’s median home values exceed $500,000, with nearby communities of Bethesda, Potomac, and Chevy Chase exceeding $1 million, highlighting significant local wealth. With a homeownership rate of 91.6%, Damascus demonstrates a highly stable residential base. The location benefits from active residential development and public-realm revitalization focused on a more walkable downtown core. Combined with above-average household incomes and a limited number of competing retail and service options in the area, the market offers strong purchasing power and an attractive environment for high-quality tenants.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Former Truist Bank | Damascus, MD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,362 SF

ZONING

CRT

APN/PARCEL ID

12-00923034,12-00923045,12-01745884

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

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