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31688741
31688742

4824 Edgemoor Ln, Bethesda, MD 20814

MZ
MD 631902, DC SP98368225 (+1)
Marcus & Millichap - Washington, D.C.
JS
SP200205349
Marcus & Millichap - Washington, D.C.
RM
0225251726
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Washington, D.C.
Unpriced
54 days on market
Updated 54 days ago

4824 Edgemoor Lane

Details
APN 07-00489274
Property Type Multifamily
Sub Type Apartment Building
Square Footage 89,000
Units 111
Class A
Buildings 1
Stories 12
Lot Size (SqFt) 8,006
Zoning CR2.5

Bethesda Luxury Multifamily Development Site in Premier Downtown Location

Marketing description

The Zupancic Group of Marcus & Millichap is pleased to present 4824 Edgemoor Lane, a 111-unit ground-up multifamily development opportunity located in the heart of downtown Bethesda, Maryland, one of the most affluent, high-demand submarkets in the Washington, DC metro area. The location of the development is optimal, as it is positioned directly between the two highest-density retail and restaurant corridors of the extremely walkable and highly amenitized Bethesda neighborhood. The offering represents a rare chance to acquire a fully planned development site in a premier location, positioned to deliver high-end Class A residential product to a submarket defined by deep renter demand, premium rent levels, and limited additional supply of development opportunities. The development site is strategically located across from one of the highest demand luxury apartment buildings in the area, The Edge, which is achieving 99.4% occupancy, the highest in the neighborhood. A developer has an extremely unique chance to capitalize on this irreplacable location.

Investment highlights

  • Premier core Bethesda location
  • Steps from the Bethesda Metro
  • Walkable access to world-class retail and dining
  • High-demand unit mix calibrated to submarket demand
  • Rent comparables support premium rent profile
  • Affluent, highly educated renter base
  • Scarce infill opportunity in a supply-constrained submarket
  • Proximity to major employment anchors
  • Non-rent-controlled asset upon completion
  • Efficient unit sizes maximize revenue per square foot

Listing Contacts

MZ
MD 631902, DC SP98368225 (+1)
Marcus & Millichap - Washington, D.C.
JS
SP200205349
Marcus & Millichap - Washington, D.C.
RM
0225251726
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Washington, D.C.

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