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4927-4933 Saint Elmo Ave 9,800 SF 78% Leased Retail Building Bethesda, MD 20814 $4,500,000 ($459.18/SF)
Investment Highlights
- 9,800 SF Retail Center in Bethesda between Norfolk Ave and Old Georgetown Rd.
- Parking Advantage – Eight (8) onsite surface parking spaces plus immediate access to an adjacent Montgomery County public parking garage.
- CR-3.0 Zoning – Allows for future redevelopment potential in one of Montgomery County’s most supply-constrained, high-barrier-to-entry retail corridor
- Value-Add Opportunity – 1,558 SF of vacant storefront retail space provides immediate lease-up potential to increase cash flow and drive near-term NOI
Executive Summary
The Property consists of a ±9,800 square foot multi-tenant retail building situated on a ±9,000 square foot parcel at 4923–4933 St. Elmo Avenue in Downtown Bethesda. The building is currently configured with seven (7) retail units occupied by six (6) tenants and includes approximately 1,558 square feet of vacant storefront retail space. The Property features eight (8) onsite parking spaces and is located adjacent to a large Montgomery County public parking garage. The site is zoned CR-3.0 C-3.0 R-2.75 H-110, offering both near-term lease-up potential and long-term redevelopment upside.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,800 SF
Building Class
B
Year Built
1966
Price
$4,500,000
Price Per SF
$459.18
Percent Leased
78%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.21 AC
Zoning
CR-3.0 C-3.0 R-2.75 H-110 - CR-3.0 C-3.0 R-2.75 H-110
Parking
8 Spaces (0.82 Spaces per 1,000 SF Leased)
Frontage
69’ on St Elmo Ave
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 4927A
- 1,558 SF
- Restaurant
- -
- Now
| Space | Size | Space Use | Position | Available |
| 4927A | 1,558 SF | Restaurant | - | Now |
4927A
| Size |
| 1,558 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (99)
Bike Score®
Biker's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-00553462 | Improvements Assessment | $136,700 |
| Land Assessment | $3,712,500 | Total Assessment | $3,849,200 |
Property Taxes
Parcel Number
07-00553462
Land Assessment
$3,712,500
Improvements Assessment
$136,700
Total Assessment
$3,849,200
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4927-4933 Saint Elmo Ave
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