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    7929 Norfolk Ave Bethesda, MD 20814

    Sponsored
    For Sale
    $1,200,000

    995 sq ft, Corner Lot, High Visibility

    Property size:
    995 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 995-square-foot retail space, situated on a 0.03-acre corner lot at 7929 Norfolk Avenue in Bethesda, MD, presents a remarkable investment opportunity. Located in the bustling Woodmont Triangle, this property boasts high visibility due to its prominent corner location and large windows facing Norfolk and Cordell Avenues. The space features a full-service bar, dining hall, kitchen, storage room, and two bathrooms, making it ideally suited for a restaurant or similar commercial use. A new roof was installed in 2024, and the 12-foot ceilings contribute to a spacious feel. The open dining hall includes ample counter space. This prime location benefits from proximity to public parking garages, the Bethesda Metro Center (2-3 blocks away), upscale residences, hotels, and numerous office buildings, ensuring high foot traffic and visibility. The area hosts weekly summer street festivals, further enhancing its appeal. The seller is open to both sale and lease options. This property offers a blank canvas for a new venture or the opportunity to revitalize an existing restaurant operation within one of Bethesda's most desirable commercial zones. The seller prioritizes formal offers over Letters of Intent. A seller-approved Purchase and Sale Agreement template is available upon request. Offers are due by December 2nd at 6 PM.

    Property Features for 7929 Norfolk Ave

    General Information

    Property type
    Retail properties
    Square Feet
    995 SF
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Duck Duck Goose Small Plates Restaurant

    Suggested Use

    Restaurant Law Firm Spa & Massage Realty agency Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bethesda
    County
    MONTGOMERY
    State
    Maryland
    Longitude
    -77.09782
    Latitude
    38.98947

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    FAQs

    What type of property is this?
    Retail property - 995 sq ft, Corner Lot, High Visibility
    Where is this retail property located?
    The property is located at 7929 Norfolk Ave Bethesda, MD.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (703) 266-7277
    Request Owner's contact information
    7929 Norfolk Ave Bethesda, MD 20814
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    Bethesda, MD 20814
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7929 Norfolk Ave Bethesda, MD 20814
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