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1007 E University Blvd 3,021 SF 100% Leased Office Building Takoma Park, MD 20903 $1,425,000 ($471.70/SF)

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INVESTMENT HIGHLIGHTS

Commercially Zoned and Ideal for owner user or redevelopment.
Below market price and very rare opportunity!

1 block from Purple Line Metro

EXECUTIVE SUMMARY

1007 University Blvd. - This is a 4 unit apartment building fully leased out, BUT this is a COMMERCIALLY ZONED PROPERTY that can be used for office, retail, medical or other uses once the current lease expires. The property is under a Master Lease through November 30, 2026, but at that time the site can be converted to any commercial use without restriction. This is the perfect OWNER/USER purchase at a steep discounted price. The Purple Line Metro Station will be across the street 1 block away. See the full marketing package and call with any questions or to tour.

1007 University SALE INFO 4-3-25

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

Redevelopment Project

Property Type

Office

Building Size

3,021 SF

Building Class

Year Built/Renovated

1954/2023

Price

$1,425,000

Price Per SF

$471.70

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

1,510 SF

Slab To Slab

9’

Building FAR

0.42

Lot Size

0.17 AC

Opportunity Zone

Yes

Zoning

CRT - CRT 2.0 Commercial Residential Town. Recently rezoned by the County to permit redevelopment surrounding the future Purple Line Metro. Office/Retail

Parking

4 Spaces (1.32 Spaces per 1,000 SF Leased)

AMENITIES

24 Hour Access

Skylights

Air Conditioning

Smoke Detector

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Walk Score®

Very Walkable (81)

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measures access to public transit. Bike Score®

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PROPERTY TAXES

Parcel Number	13-03170314	Improvements Assessment	$141,100
Land Assessment	$382,500	Total Assessment	$523,600

PROPERTY TAXES

Parcel Number

13-03170314

Land Assessment

$382,500

Improvements Assessment

$141,100

Total Assessment

$523,600

Listing ID: 35360587
Date on Market: 4/3/2025
Last Updated:
Address: 1007 E University Blvd, Takoma Park, MD 20903

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1007 E University Blvd, Takoma Park, MD for sale Building Photo- Image 1 of 5 — IMG_5674

1007 E University Blvd, Takoma Park, MD for sale Building Photo- Image 2 of 5 — IMG_5675

1007 E University Blvd, Takoma Park, MD for sale Building Photo- Image 3 of 5 — IMG_5673

1007 E University Blvd, Takoma Park, MD for sale Building Photo- Image 4 of 5 — Building Photo

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