Sale Price |
$2,100,100 ($902/SF) |
Year Built |
1956 |
Sale Type |
Investment or Owner User |
Bike Score ® |
87 (Biker's Paradise) |
Property Type |
Retail |
Walk Score ® |
96 (Walker's Paradise) |
Property Sub-type |
Storefront |
Transit Score ® |
67 (Good Transit) |
Service Type |
Retail/Storefront |
Built Out As |
Restaurants and Cafes |
Building Size |
2,329 SF |
Floor/Building Height |
1st Floor/1 Story |
Building Class |
B |
Zoning |
CR |
Opportunity Zone |
No |
FAR/Acres |
.89 / .06AC |
|
|
Executive Summary
Rare Opportunity to own a small commercial building in downtown Bethesda’s Central Business District ideally situated on Cordell Avenue steps away from structured public parking. The building features an Outdoor Patio, Restaurant Infrastructure, Large ADA Bathrooms, Nine Foot Ceilings ,Sixteen Foot Kitchen Hood. The property is vacant and can be delivered with all existing equipment.
Investment Highlights
- Prime downtown Bethesda location
- Sixteen foot vent hood
- Steps from structured parking
Traffic
Collection Street |
Cross Street |
Traffic Vol |
Year |
Distance |
Woodmont Ave |
Old Georgetown Rd, NE |
14,190 |
2012 |
0.24 mi |
Battery Ln |
Keystone Ave, W |
4,820 |
2017 |
0.25 mi |
Old Georgetown Rd |
Glenbrook Rd, NW |
27,791 |
2017 |
0.16 mi |
Wisconsin Ave |
Fairmont Ave, S |
48,512 |
2012 |
0.19 mi |
Wisconsin Ave |
Chase Ave, S |
33,082 |
2017 |
0.19 mi |
Public Transportation
Transit/Subway |
Drive |
Walk |
Distance |
Bethesda Transit Stop (Red Line) |
2 min |
9 min |
0.5 mi |
Medical Center Transit Stop (Red Line) |
3 min |
16 min |
0.8 mi |
Commuter Rail |
Drive |
Distance |
Kensington Commuter Rail (Brunswick Line) |
9 min |
4.1 mi |
Garrett Park Commuter Rail (Brunswick Line) |
11 min |
4.3 mi |
Airport |
Drive |
Distance |
Ronald Reagan Washington National Airport |
32 min |
20.2 mi |
Washington Dulles International Airport |
31 min |
23.3 mi |
Baltimore-Washington International Airport |
41 min |
34.9 mi |
FINANCIAL SUMMARY (Actual - 2019) |
|
|
Taxes |
$13,659 |
$5.86/SF |
Operating Expenses- |
- |
- |
Total Expenses |
$13,659 |
$5.86/SF |
|
PROPERTY TAXES |
|
|
Parcel Number |
07-00552081 |
Total Assessment |
$1,182,000 (2020) |
Land Assessment |
$0 (2020) |
Annual Taxes |
$13,659 ($5.86/SF) |
Improvements Assessment |
$0 (2020) |
Tax Year |
2019 |