2801 University Blvd
Kensington, MD 20895
Chase Bank: Kensington, MD · Retail Property For Sale

The 0.986-acre site is located in Montgomery County, the 2nd richest county in Maryland, and the 13th richest in the Nation with over 1.05 million residents. In the three-mile radius of the property, the bank serves an upscale, infill community with a population of 164,385 earning an average household income of $125,919. Incomes are anticipated to grow by over 16% through 2023 to over $146,000. The site is positioned within walking distance of the Wheaton Metro Station, and several WMATA bus stops providing additional access to the site and the surrounding retail and offices. Due to the convenient Washington D.C. commutes afforded by the Metro Station, the trade area is able to capitalize upon significant redevelopment within immediate proximity to the site. The property is one block west of the Wheaton Triangle which is anchored by the county-sponsored $180M Wheaton Revitalization Project and includes a new office building, 12,000 SF of retail space, a below-ground parking deck, town square, and a park. The area has also seen has numerous recent multifamily projects including the 319-unit Ava Wheaton and 194-unit The George Apartments.