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7925 Norfolk Ave
Bethesda, MD 20814
Retail Property For Sale
EXECUTIVE SUMMARY
Retail Space for Sale - Owner user or Investor
Location: 7925 Norfolk Ave, Bethesda, Prime retail space located in the fashionable business district of downtown Bethesda. Very Strong demographics with a huge disposable income. Long-term tenant whose lease comes up for renewal in the second quarter
Food Away From Home Expenditures: restaurant sales
• Total Annual Expenditure: $5,067
• Monthly Average: $2,180
• Annual Market Total: $837,680,936
• Average Daily Spending: $4,644
• Weekly Average: $1,930
Demographic Profile (within a 5-mile radius, 2024):
• Advanced Degree Holders: 44%
• Bachelor's Degree Holders: 26%
• Some College, No Degree: 11%
• High School Graduates: 8%
• Associate Degree Holders: 6%
• Some High School, No Diploma: 5%
Long-term tenant
• Move-in Date: September 14, 2007
• Length of Occupancy: 18 years and 4 months
• Number of Employees: 2
For further information or to request additional details, please contact
Location: 7925 Norfolk Ave, Bethesda, Prime retail space located in the fashionable business district of downtown Bethesda. Very Strong demographics with a huge disposable income. Long-term tenant whose lease comes up for renewal in the second quarter
Food Away From Home Expenditures: restaurant sales
• Total Annual Expenditure: $5,067
• Monthly Average: $2,180
• Annual Market Total: $837,680,936
• Average Daily Spending: $4,644
• Weekly Average: $1,930
Demographic Profile (within a 5-mile radius, 2024):
• Advanced Degree Holders: 44%
• Bachelor's Degree Holders: 26%
• Some College, No Degree: 11%
• High School Graduates: 8%
• Associate Degree Holders: 6%
• Some High School, No Diploma: 5%
Long-term tenant
• Move-in Date: September 14, 2007
• Length of Occupancy: 18 years and 4 months
• Number of Employees: 2
For further information or to request additional details, please contact
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
1,052 SF
Building Class
C
Year Built
1962
Price
$1,250,000
Price Per SF
$1,188.21
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.03 AC
Zoning
CR - Commercial/Residential (CR) zones in Montgomery County, Maryland are mixed-use zones that allow for a variety of commercial and residential uses.
Frontage
20’ on Norfolk Ave
PROPERTY TAXES
| Parcel Number | 07-00552057 | Improvements Assessment | $264,300 |
| Land Assessment | $474,300 | Total Assessment | $738,600 |
PROPERTY TAXES
Parcel Number
07-00552057
Land Assessment
$474,300
Improvements Assessment
$264,300
Total Assessment
$738,600
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