Log In/Sign Up
Your email has been sent.
Auction - Former Truist Bank | Damascus, MD 9916 Main St 19,320 SF Retail Building Damascus, MD 20872 $244,286 CAD ($12.64 CAD/SF)
INVESTMENT HIGHLIGHTS
- STARTING BID $175,000 | Former Truist Bank | Signalized Hard Corner | 18K VPD | Separate Drive-Thru | AUCTION DECEMBER 15-17
- Affluent & Stable Trade Area: 5-mile avg HH income ±$178,643 with 91.6% homeownership; Montgomery County is among the nation’s wealthiest counties.
- Nearby Retailers: CVS, Safeway, Starbucks, McDonald’s, Dollar Tree, Anytime Fitness, M&T Bank, Weis, and more
- Former Truist Bank | 19,320 SF on 1.71 AC with Drive-Thru: Prominent Main Street frontage and strong visibility; ample on-site
- Traffic & Access: Strategic frontage on Main Street with traffic of ±18,781 VPD supporting daily-needs and service-retail demand.
- Mixed-Use CRT-1.75 Zoning (High Flexibility): Pedestrian-oriented district allowing wide uses—general retail, restaurant, day care, office, hotel
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a well-built former Truist Bank located at 9916 Main Street in Damascus, Maryland (the “Property”). Strategically located in suburban Washington, D.C., the Property is offered significantly below replacement cost and presents investors and users alike an exceptional opportunity for repositioning or redevelopment within one of Montgomery County's most stable and affluent trade areas.
The property encompasses a ±19,320-square-foot retail building on a 1.71-acre parcel with a separate drive-thru and ample parking, offering exceptional visibility and access to support a broad mix of future uses. The Property is strategically positioned on a signalized corner parcel within a strong growth corridor with high street visibility and frontage. The Property offers desirable frontage along Main Street with traffic counts of 18,781 vehicles per day. The Property is zoned CRT-1.75 offering exceptional flexibility for a variety of uses. CRT-1.75 zoning is a mixed-use, pedestrian-oriented designation that permits an unusually wide array of retail, restaurant, office, hospitality, and residential options—creating multiple repositioning paths for investors or owner-users.
Damascus is located at a key junction of Maryland Routes 27, 108 and, 124, about 30-miles northwest of Washington, DC in Montgomery County. Montgomery County is one of the wealthiest counties in the United States and the local economy is bolstered by affluent demographics with a 5-mile average household income of $178,643. The area’s median home values exceed $500,000, with nearby communities of Bethesda, Potomac, and Chevy Chase exceeding $1 million, highlighting significant local wealth. With a homeownership rate of 91.6%, Damascus demonstrates a highly stable residential base. The location benefits from active residential development and public-realm revitalization focused on a more walkable downtown core. Combined with above-average household incomes and a limited number of competing retail and service options in the area, the market offers strong purchasing power and an attractive environment for high-quality tenants.
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2881/
The property encompasses a ±19,320-square-foot retail building on a 1.71-acre parcel with a separate drive-thru and ample parking, offering exceptional visibility and access to support a broad mix of future uses. The Property is strategically positioned on a signalized corner parcel within a strong growth corridor with high street visibility and frontage. The Property offers desirable frontage along Main Street with traffic counts of 18,781 vehicles per day. The Property is zoned CRT-1.75 offering exceptional flexibility for a variety of uses. CRT-1.75 zoning is a mixed-use, pedestrian-oriented designation that permits an unusually wide array of retail, restaurant, office, hospitality, and residential options—creating multiple repositioning paths for investors or owner-users.
Damascus is located at a key junction of Maryland Routes 27, 108 and, 124, about 30-miles northwest of Washington, DC in Montgomery County. Montgomery County is one of the wealthiest counties in the United States and the local economy is bolstered by affluent demographics with a 5-mile average household income of $178,643. The area’s median home values exceed $500,000, with nearby communities of Bethesda, Potomac, and Chevy Chase exceeding $1 million, highlighting significant local wealth. With a homeownership rate of 91.6%, Damascus demonstrates a highly stable residential base. The location benefits from active residential development and public-realm revitalization focused on a more walkable downtown core. Combined with above-average household incomes and a limited number of competing retail and service options in the area, the market offers strong purchasing power and an attractive environment for high-quality tenants.
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2881/
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
19,320 SF
Building Class
C
Year Built
1921
Price
$244,286 CAD
Price Per SF
$12.64 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.26
Lot Size
1.71 AC
Zoning
CRT
Parking
15 Spaces (0.78 Spaces per 1,000 SF Leased)
Frontage
133’ on Main St
AMENITIES
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,083,659 CAD | |
| Land Assessment | $2,000,306 CAD | Total Assessment | $5,083,965 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,000,306 CAD
Improvements Assessment
$3,083,659 CAD
Total Assessment
$5,083,965 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Auction - Former Truist Bank | Damascus, MD | 9916 Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.