MLS® ID: MDMC651492

7370 MACARTHUR BOULEVARD

GLEN ECHO, Maryland, 20812

$3,250,000 Active
  • 5278 SQFT
~Opportunity to add value through increased rent. ~Solid investment income with local, historically stable tenancy.~The property is located in the town of Glen Echo, one of Washington, DC's most desirable neighborhoods with rich history and attractive architecture.~The property~s proximity to Washington, DC, Northern VA and Bethesda, MD as well as the vehicular corridors of I-495, I-270, Clara Barton Parkway and Massachusetts Avenue.~Property has excellent visibility and exposure along the MacArthur Blvd corridor. This gives signage potential to users and owners. ~The property~s proximity to retail, food, restaurants and other amenities for employees.~The property has CRT Zoning, therefore it enjoys great flexibility and can be permitted by mater of right many uses, including office, retail or residential.~The property has abundant parking on site that conveys.~The building has been updated recently with floor plates that are divisible and set up for multi-tenancy. ~The building is easily self-managed.~Property enjoys excellent demographics: Median household income= $208,578/year (one mile radius), 2018 total population= 305,240 (five mile radius), Median home value= $930,532 (three mile radius).~The property is set in a tranquil and quiet environment.~The building has ample restrooms and multi-zoned HVAC for each leasable space.~Current private office setup with flexible floor plans.~The property can be vacated immediately upon sale.~The property has good visibility and easy ingress and egress for vehicles. ~The property is fully sprinklered for fire suppression.~The spaces/floors can be divided, attractive to both owner occupants and investors.~The supply for this type of property, and the availability to purchase them, is very limited.~High barrier to entry in this neighborhood.
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Listing courtesy of O'Neill Realty Advisors, LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    20812
  • Office name
    O'Neill Realty Advisors, LLC
  • SQFT
    5278
  • Bedrooms
    0
  • Property type
    Commercial Sale
  • Zoning type
    C1
  • School district
    MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Year built
    1933
  • Lot size
    0.21
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Agent name
    Andrew O'Neill
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    5000-7000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    ONRA1
  • Agent ID
    3007602

Location

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