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60-Unit Apartment Building Above Retail
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10339 Old Georgetown Rd, Bethesda, MD 20814

New mixed-use building with 60 apartments above three retail units and dedicated retail garage parking plus shared surface spaces.

Property Size1,232 SF
Days on Market9

Property Features for 10339 Old Georgetown Rd

General Information

Standard status Active
Size 1,232 SF
Property subtype RETAIL
Listing Agency: KLNB - Washington, D.C.
Listed By: Matt Skalet
Source: Moodyscre
Added: Jul 22 Changed: Jul 30 Last Checked: Jul 30 at 4:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KLNB - Washington, D.C.

Investment Insights

Based on property information with market context.

New mixed-use project featuring 60 apartments positioned above three retail units totaling 10,093 SF. The property includes 60 dedicated retail garage parking spaces along with 114 common surface parking spaces to support both tenants and visitors.

The development includes monument signage available on Old Georgetown Road and is planned for delivery in Q4 2024. The project is described as being adjacent to Bethesda’s high-end Wildwood.

For leasing and tenanting purposes, the layout is designed to support co-existence of apartment and retail components within a single project, with parking separation between retail-dedicated garage spaces and common surface parking.

Key Highlights

  • 60 new apartments above three retail units totaling 10,093 SF
  • 60 dedicated retail garage parking spaces plus 114 common surface parking spaces
  • Monument signage available on Old Georgetown Road

Property Analytics

Current Use

The Mercury Luxury Apartments Apartment Building

Suggested Use

Top Pick Restaurant Hair Salon Nail Salon Building Supply Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,369
Businesses Nearby

Demographics for 20814, MD

31,919
Population
15,388
Households
2.1
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
7,093
Density / Sq Mi
$150,401
Median Household Income
$90,050
Median Earnings
$2,329
Median Rent
$976,500
Median Home Value

Market

Lease Benchmarks for Bethesda, MD

$44.02 /SF/Yr
Avg Asking Price
$37.98–$51.47 /SF/Yr
Price Range
1,149 SF
Avg Space Size

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New mixed-use building with 60 apartments above three retail units and dedicated retail garage parking plus shared surface spaces.
Where is this apartment building located?
The property is located at 10339 Old Georgetown Rd Bethesda, MD.
What are key features of this property?
This property features: 60 new apartments above three retail units totaling 10,093 SF; 60 dedicated retail garage parking spaces plus 114 common surface parking spaces; Monument signage available on Old Georgetown Road
(202) 420-7775 Call to check price and availability
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