1017 University Blvd E Takoma Park, MD 20912

This freestanding office/retail building, ideal for an owner occupant or redevelopment, is divided into four equally sized 840-square-foot units, either vacant or under short-term or month-to-month leases. Each space is fully self-contained with its own HVAC unit, bathroom, and front and rear entrances. Each unit is built out slightly differently. Each floor can easily be combined to create 1,680-square-foot spaces on each level. The property is served by sewer, water, gas, and electric utilities. The on-site parking and driving areas are paved with concrete. Tenants are responsible for their own maintenance. The building is surrounded by a parking lot with a concrete driveway and parking spaces. Located near the corner of E. University Blvd. and Anne Street next to the Hampshire Langley Shopping Center in Takoma Park, the property benefits from a county-permitted exterior sign that each tenant can use to advertise their business. The property is located in an opportunity zone which can offer significant capital gains and other tax savings. The property has 7,200 square feet of land and is zoned CRT-2 (Commercial Residential Town), which has a 2 FAR and a 50-foot height limit for redevelopment. This zoning permits medical, office, retail, and service uses and targets opportunities for redevelopment of single-use commercial areas and surface parking lots. A Purple Line Metro Station is expected to open across the street towards the end of 2027.