7370 Macarthur Boulevard

    GLEN ECHO, MD 20812
    • $3,250,000
    • STATUS: Active
    • ON SITE: 160 days
    • ID#: MDMC651492
    UPDATED: 60 min ago
    $3,250,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,278
      SQFT
    • $616
      $/SQFT
    Type:
    Commercial
    Built:
    1933
    County:

    School Ratings & Info

    Description

    ~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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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-09-18T08:52:21.873.
    www.licatagroup.com/homes/93579471

    7370 Macarthur Boulevard GLEN ECHO, MD 20812

    • Price: $3,250,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: MDMC651492
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    5,278
    SQFT
    $616
    $/SQFT
    1933
    Built
    County:
    Montgomery
    School District:
    Montgomery County Public Schools
    Property Description
    ~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.
    Exterior Features

    Carport Spaces 5 Construction Materials Frame Direction Faces North Garage YN No Other Equipment See Remarks Other Structures Above GradeBelow Grade Parking Types Attached CarportDrivewayOff StreetParking Lot Property Condition As-Is Condition Riparian Rights YN No Roof Unknown Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 5278 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 8625.00 Cooling Central A/CWindow Unit(S) Heating Forced Air Heating YN Yes Net Square Feet 8625.00 Security Features Electric AlarmIntercomSmoke DetectorSprinkler System - Indoor

    Property Features

    Accessibility Features 2+ Access Exits Assessment Year 2018 Association YN No Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Front Foot Fee 0.00 Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Hot Water Natural GasMulti-Tank Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 301632845158 Ownership Interest Fee Simple Possession 61-90 Days Cd Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 15690.0 Tax Assessment Amount 1204567.0 Tax Lot 1 Vacation Rental YN No Water Source Public Year Built Effective 1998 Zoning C1

    Listing courtesy of O'neill Realty Advisors, Llc.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-09-18T08:52:21.873.
     
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