7042-7044 Carroll Avenue
Mixed-Use Property in the Heart of Takoma Park’s Business District
Marketing description
Feldman Ruel is pleased to offer for sale 7042-7044 Carroll Avenue, a mixed-use property centrally located in the vibrant business district of Takoma Park, Maryland. The subject property consists of a two-level retail unit (7042 Carroll Avenue) and six multifamily units (7044 Carroll Avenue), with front and rear yards and one parking space. The subject property’s Neighborhood Retail (NR) zoning allows for a broad range of commercial uses. Given the demand for commercial space in Takoma Park, a purchaser may benefit from expanding the commercial use. All of the tenants are on month-to-month leases, and the property can be delivered vacant. In accordance with Takoma Park’s multifamily rent stabilization regulations, a landlord may set rents for future multifamily tenants up to the banked allowable increase of 13.75%
Download Offering Memorandum: https://listings.feldmanruel.com/properties/7042-7044-carroll-avenue/
Investment highlights
• Ideal for Partial-User or Investor
• 100% Leased to Month-to-Month Tenants
• Increase Revenue by Converting Some or All Multifamily Units to Commercial
• Rare Opportunity in Old Takoma | 56+ Feet of Street Frontage on Carroll Avenue
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