7607 Old Georgetown RdBethesda, MD 20814

  • Land
  • 7,460 SF
For Lease

Property Details for 7607 Old Georgetown Rd

Year built
1941
Construction
BRICK
Lot size
0.32 AC
Property size (Sq ft)
7,460 SF
Zone code
CR5.0
Property type
Land
Property subtype
Commercial land
APN
07-00432507
APU
700432507

Description

This exceptional 1,550 square foot retail space is located on the first floor of the prestigious Solaire luxury high-rise apartment building at 7607 Old Georgetown Road in Bethesda, Maryland, zip code 20814. Situated in Montgomery County, this storefront offers unparalleled access to a highly affluent and dense residential and business community. The Solaire building itself is a 22-story structure boasting 198 residential units, ensuring a built-in customer base. The property's location provides convenient walkability to a wide array of shops, restaurants, and major retailers, maximizing exposure and foot traffic. This multiple-tenancy retail space presents a unique opportunity for businesses seeking a prime location within a thriving Bethesda community. The property is easily accessible and benefits from high visibility due to its prominent location within a luxury residential building. This space is ideal for a variety of retail uses and offers significant potential for growth and success. The address is 7607 Old Georgetown Road, Bethesda, MD 20814.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,987,821
    Hospitality
    $1,820,834
    Educational
    $1,514,912
    Medical
    $1,567,012
    Retail
    $2,356,530
7607 Old Georgetown Rd, Bethesda, Maryland
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Location Insight

City
Bethesda
County
Montgomery
State
Maryland
Latitude
38.986
Longitude
-77.0956
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$111,932
-
-
$10,928,000
-
$12,825,000
-
$12,825,000

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