1007 University Blvd E , SILVER SPRING, MD 20903
SILVER SPRING, MD 20903
Description
1007 University Blvd. Takoma Park, Md. COMMERCIALLY ZONED PROPERTY IDEAL FOR OFFICE, RETAIL, MEDICAL or OTHER USES! Once the residential lease expires in Nov. 30, 2026 this building can be converted to commercial uses just like all the other similar adjacent buildings are. THIS IS RARE OPPORTUNITY TO ACQUIRE A BUILDING ALONG THIS STRIP AT A REDUCED PRICE LIKE THIS. ACT QUICK IT WON'T LAST LONG. PURPLE LINE METRO WILL BE ACROSS THE STREET. SEE FULL PACKAGE ATTACHED. Improvements: This 3,360 s.f. above grade, plus partial basement, freestanding structure is divided into 4 equally sized (+/- 840 s.f.) units (2 bedroom, 1 bath) currently fully rented out to low-income residential tenants. This building is ideal for an investor or future office or retail owner occupant or redevelopment. Each space is fully self-contained with its own HVAC unit, bathroom and front and rear entrances. Each floor can easily be combined to create 1,680 s.f. spaces on each level. Sewer, water, gas and electric serve the property. Property has a flat roof. The 5 parking spaces and driving areas are paved. The interior of each unit is in good condition and its obvious the building has been maintained well. Gas heat and water with electric air conditioning for each unit. There is a 200-amp electric panel, 5 electric and 5 gas meters. There is a partial basement with two rooms containing a small laundry area and the other contains two gas fired hot water heaters and other equipment. Each room has a sump pump. There is a laundry company that supplies and maintains the washer and dryer and splits the revenue with the owner. Major Repairs: Over the past +/- 3 years the previous owner has spent about $80,000 and completed major repairs to include the following: totally renovated all 4 units, paint, flashing and replacing some windows, rebuild front and back porches, roof repairs, rehab laundry room, replaced some doors, replace sump pump, repairs to HVAC units and more. Lead Free Building: Maryland Department of the Environment has certified this property Lead-Free.
Details
| MLS# | MDMC2173538 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | ACTIVE-BRIGHT |
| Year | 1954 |
| Days On Site | 17 |
| Listing Provided By | Commercial & Investment Realty Associates, LLC. | Lawrence Rosen |
Features
| Units | 4 |
|---|---|
| Zoning | CRT2 |
| Acreage | 0.17 |
| Water Front | Yes |
Market Activity 20903
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Learn More About This Property
| State | MD |
|---|---|
| County | MONTGOMERY MD |
| City | SILVER SPRING |
| Zip Code | 20903 |
| Area | MONTGOMERY MD |
| School District | MONTGOMERY COUNTY PUBLIC SCHOOLS |
| Listing VS Median (In 20903) | |
Price: $1,425,000 low | high Med: $470,000 On site: 17 low | high Med: 18.000000 | |
