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Auction - Former Truist Bank | Damascus, MD 9916 Main St 19 320 pi² Commerce de détail Immeuble Damascus, MD 20872 244 286 $ CAD (12,64 $ CAD/pi²)
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 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
RÉSUMÉ DE L'ANNONCE
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/
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Banque
Taille du bâtiment
19 320 pi²
Classe d’immeuble
C
Année de construction
1921
Prix
244 286 $ CAD
Prix par pi²
12,64 $ CAD
Location
Unique
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,26
Taille du lot
1,71 AC
Zonage
CRT
Stationnement
15 places (0,78 places par 1 000 pi² loué)
Façade
133’ sur Main St
COMMODITÉS
- Intersection avec signalisation
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 3 083 659 $ CAD | |
| Évaluation du terrain | 2 000 306 $ CAD | Évaluation totale | 5 083 965 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
2 000 306 $ CAD
Évaluation des bâtiments
3 083 659 $ CAD
Évaluation totale
5 083 965 $ CAD
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Auction - Former Truist Bank | Damascus, MD | 9916 Main St
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