Property profile

7929 Norfolk Ave Bethesda, MD 20814

OFF-MARKET
Turn key restaurants
Property ID
US40-0744889
995 SF 0.03 ac lot Built 1962
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1962
Construction BRICK
Total area 995 SF
Lot 0.03 ac (1,176 SF)
Zoning code CR3.0
APN 07-00551020
UPID US40-0744889

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

7929 Norfolk Ave Bethesda, MD 20814-2501
Bethesda metro Census 704806 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k

Owner & transaction history

since 2025
2 recorded transactions
2025
$1.1M
2025
Price N/A

Zoning & alternative use

CR3.0 · Bethesda, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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