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729 Erie Ave 4,466 SF Vacant Retail Building Takoma Park, MD 20912 $2,232,320 CAD ($499.85 CAD/SF)

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INVESTMENT HIGHLIGHTS

• Delivered Vacant at Closing | Ideal for a Full- or Partial-User
• Renovated in 2019 | Improvements to MEP, HVAC, Flooring, Etc.

• 5,300-SF Building on a 9,616-SF Lot with 11 On-Site Parking Spaces
• 1 Block from the Proposed Adventist Hospital Redevelopment Site

EXECUTIVE SUMMARY

Feldman Ruel is pleased to offer for sale 725-729 Erie Avenue, a retail/office property with on-site parking in Takoma Park, Maryland, which will be delivered vacant. The subject property was fully renovated in 2019, minimizing build-out and maintenance costs for the purchaser. The 5,300-square-foot building can be configured for one or more users, making it an ideal full- or partial-user investment. 725-729 Erie Avenue’s CRT zoning designation allows for a broad range of commercial uses. Currently configured as a retail showroom, the first level of the subject property features 45 linear feet of storefront glass and ceilings averaging almost 11 feet in height. The subject property also includes an unfinished sublevel, a second-level office, a rear loading area with a roll-up door, and designated parking for 11 cars. Located in the vibrant neighborhood of Takoma Park, 725-729 Erie Avenue is one block from the Washington Adventist campus, where a proposed mixed-use development project would significantly increase the neighborhood's density and commercial activity.