7370 MACARTHUR BOULEVARD Commercial $3,250,000— Listed by Andrew O'neill, O'Neill Realty Advisors, LLC

7370 MACARTHUR BOULEVARD Commercial $3,250,000— Listed by Andrew O'neill, O'Neill Realty Advisors, LLC

MLS - Broker Listed Properties

Updated on Nov 20, 2019

~Opportunity to add value through increased rent. ~Solid investment income with local historically... $3,250,000

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Price$3,250,000
Bedrooms0
Bathrooms0
Address7370 MACARTHUR BOULEVARD
GLEN ECHO, MD 20812
StatusActive
BrokerO'Neill Realty Advisors, LLC
Phone(202) 741-9405
AgentAndrew O'neill
Phone(301) 801-1166
Located in GLEN ECHO, MD
~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.

    Taxes

  • $15,784
  • Cooling systems

  • Central A/C
  • Window Unit(s) A/C
  • General

  • Provider name: O'Neill Realty Advisors, LLC
  • Provider category: Broker
  • Property type: Commercial
  • Property sub type: Other
  • Listing category: Purchase
  • Mls name: Bright MLS
  • Mls number: MDMC651492
  • Lot size: 0.2082
  • Year built: 1933
  • Listing date: 2019-04-10
  • Listing title: Commercial - GLEN ECHO, MD
  • Architecture style: Other
  • Heating systems: Forced Air
  • Is new construction: no
  • Num parking spaces: 17
  • Roof types: Unknown
Copyright © 2019 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
 

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