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7370 Macarthur Boulevard,  Glen Echo MD, 20812

(Active)
$3,250,000
|
8,625 sqft
|
MLS# MDMC651492
1of
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Last Updated: 12/12/2019 10:50 AM
Description for 7370 Macarthur Boulevard Glen Echo, MD 20812
~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.
Price
$3,250,000
MONTGOMERY
8,625 (approx)
MDMC651492
Active
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.
Listing Information
Property Type: Retail, Other
0.21 Acres 3O 8,625 (approx)
$376.81 1933
Gas Water Heater, Public Water Service
Public Sewer
1 Total
Neighborhood
Room Information
Interior Features
Intercom System
Central Air, Window Air Conditioning, Electric
Gas Heat, Forced Air
Exterior / Lot Features
Frame
None
C1
Driving Directions
Heading North or West into MD on MacArthur Blvd from DC. Enter Town of Glen Echo. Bldg is on your left after Glen Echo Shopping Center (Exxon, 7-11, & Glen Echo Hardware)
Financial Considerations
$15,784
2019
Listing Price History

Glen Echo Real Estate

Glen Echo is located in Maryland. Glen Echo, Maryland 20812 has a population of 220.

The median household income in Glen Echo, Maryland 20812 is $109,286. The median household income for the surrounding county is $85,987 compared to the national median of $49,877. The median age of people living in Glen Echo 20812 is 40 years.

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Courtesy: O'Neill Realty Advisors, LLC
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved
This content last refreshed on 12/12/2019 10:50 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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