7370 Macarthur Blvd

$3,250,000, 8,625 Sqft .21 Acres

About This Property

~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.

Essential Information

MLS® #MDMC651492
Price$3,250,000
Bathrooms0.00
Square Footage8,625
Acres0.21
Year Built1933
TypeCommercial Sale
Sub-TypeRetail
StatusActive

Community Information

Address7370 Macarthur Blvd
CityGLEN ECHO
CountyMONTGOMERY-MD
StateMD
Zip Code20812

Interior

HeatingForced Air
CoolingCentral A/C, Window Unit(s)
# of Stories4

Exterior

ExteriorFrame
RoofUnknown

School Information

District

MONTGOMERY COUNTY PUBLIC SCHOOLS

Additional Information

Date ListedApril 10th, 2019
Days on Market192
ZoningC1

Listing Details

OfficeO'Neill Realty Advisors, LLC

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on October 22nd, 2019 at 1:54am CDT.

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