7010 Westmoreland Ave Takoma Park, MD 20912
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Historic District Storefront, 10-Year Lease
Property size:
2,800 SFProperty Features for 7010 Westmoreland Ave
General Information
- Property type
- Retail space
- Square Feet
- 2,800 SF
- Class
- B
Building Details
- Year Built/Renovated
- 1922/2010
- Buildings
- 1
- Stories
- 3
Listing Agency: AMR Commercial LLC Listing Agent: Sam Farnum
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Takoma Park storefront, located in the historic district at 7010 Westmoreland Ave, offers a compelling sale-leaseback opportunity. The 2,800 square foot, three-story building, constructed in 1922 and renovated in 2010, boasts a strong 10-year NNN lease with a 2.5% annual rent increase. The current tenant, operating a successful business since 1972, enjoys 100% occupancy, generating a substantial NOI of $78,000 and a 7.5% cap rate. The property features four parking spaces, solar panels, and is conveniently situated a seven-minute walk from the Takoma Metro Station. The asking price is $1,040,000 ($371.43/sq ft). The property is zoned NR and sits on a 5,364 square foot lot. This fee-simple ownership presents a rare opportunity for investors seeking a stable, income-producing asset in a thriving location. The building is in excellent condition and benefits from its proximity to a diverse range of retail and entertainment options. Showings are by appointment only to avoid disturbing the tenant.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Takoma Park
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.011097634342
- Latitude
- 38.97440514465
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Historic District Storefront, 10-Year Lease
Where is this retail space located?
The property is located at 7010 Westmoreland Ave Takoma Park, MD.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Sale/Leaseback opportunity available.; Long-term tenant in place.; Prime downtown Takoma Park location, directly across from diverse retail and entertainment options.
