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THE SOURCE OF THE DISPLAYED DATA IS EITHER THE PROPERTY OWNER OR PUBLIC RECORD PROVIDED BY NON-GOVERNMENTAL THIRD PARTIES. IT IS BELIEVED TO BE RELIABLE BUT NOT GUARANTEED. FOR COLORADO VIEWERS, INFORMATION ABOUT NON-COMMERCIAL PROPERTIES IS PROVIDED EXCLUSIVELY FOR YOUR PERSONAL, NON-COMMERCIAL USE.

575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 25 2025 AT 10:30 AM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

POWERED BY PURLIN.AI

1017 UNIVERSITY Blvd E

takoma park, MD 20912

$1,995,000

    INTERESTED? LET'S CONNECT

    FOR SALE – Ideal for Owner/User
    3,360 S.F. - Office / Retail
    1017 E. University Blvd. Takoma Park, Md. 20912

    SALE PRICE: $1,995,000

    IDEAL FOR OWNER OCCUPANT BUYER OR REDEVELOPEMENT: There are short term rental obligations currently, making this an ideal owner occupant building or one can extend the current leases. With the Purple Line station soon to be located across the street there will likely be considerable redevelopment in this market.

    IMPROVEMENTS: This freestanding office/retail building is divided into 4 equally sized (840 s.f.) units either vacant or under short term or month to month leases. This building is ideal for an owner occupant or redevelopment use. Each space is fully self-contained with its own HVAC unit, bathroom and front and rear entrances. Each unit is built out slightly differently. Each floor can easily be combined to create 1,680 s.f. spaces on each level. Sewer, water, gas and electric serve the property. The on-site parking and driving areas are paved with concrete. Tenant are responsible for all there own maintenance.

    PURPLE LINE METRO STATION: See the diagram attached showing the Takoma-Langley Crossroads Transit Center which will house the new Purple Line Metro Station and bus terminal. This is located almost directly across the street and will connect this market with the entire Metro system.

    OPPORTUNITY ZONE: The property is located in an opportunity zone which can offer significant capital gains and other tax savings.

    PARKING: The building is surrounded by a parking lot with concrete driveway and parking spaces.

    ZONING: CRT-2 (Commercial Residential Town) has a 2 FAR and a 50’ height limit for redevelopment. It may be possible to construct a significantly larger building on this property. This zoning permits medical/office/retail/service uses and others and targets opportunities for redevelopment of single use commercial areas and surface parking lots.

    LAND: 7,200 s.f. of land

    SIGNAGE: There is a County permitted exterior sign that each tenant can use to advertise their business.

    R.E. TAX: 2024 real estate tax is $11,254.

    LOCATION: The building is located near the corner of E. University Blvd. & Anne Street next to the Hampshire Langley Shopping Center in Takoma Park. The Purple Line Metro Station will be across the street and is expected to open towards the end of 2027.

    Details

    7,200 Sq Ft Exterior Space

    Commercial

    $10,692 Annual Tax

    Built in 1954

    MLS/Listing ID MDMC2168246

    4 Units

    Listing Courtesy of COMMERCIAL & INVESTMENT REALTY ASSOCIATES, LLC., LAWRENCE ROSEN - 301-793-8901

    BRIGHT

    Source of Data: BRIGHT MLS

    Interested in 1017 UNIVERSITY Blvd E?

    The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the BrightMLS. Real estate listings held by brokerage firms other than Douglas Elliman of VA are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

    All information deemed reliable but not guaranteed. Last date updated: 05/25/2025.
    Source: Bright Multiple Listing Service, Inc.

    © 2025 Bright Multiple Listing Service, Inc. All rights reserved.