the SYCAMORE STORE
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FOR SALE

The SYCAMORE STORE is a landmark property located at the intersection of MacArthur Boulevard and Walhonding Road in Bethesda, Maryland. The property was operated as a store from 1919 through 1995. It has received a Historic Designation from the Montgomery County Preservation Committee.

The building consists of 2,802 square feet of space on two levels above ground plus a full basement that can be utilized for storage. It is zoned R90 with a special exception for a non-residential professional office use. The existing exception allows for up to 7 on site employees plus visitors and 8 parking spaces.

The property was purchased by the current owners in 2004 with the intent of locating a professional architectural practice there. In the time that it has taken to obtain a special exception and historic designation, their business has outgrown the building. Thus, with great disappointment, they are selling the property. The buyer will benefit from their four years of hard work by obtaining a rare property fronting on MacArthur Boulevard with the approvals in place for a professional office use.  The building has been gutted and readied for renovation, allowing the buyer to custom tailor its design and select the finishes. Complete, detailed architectural drawings,ready for submission to the County, will transfer with the property. The purchaser should be able to commence interior renovations almost immediately upon closing.

 Highlights of the property include:

· Lot Size: 6,873 square feet
· Building Size: 2,802 gross square feet approximately
· 2007 Consolidated Annual Property Taxes: $5,519.13
· Zoning: R-90 with a Special Exception for Non-Residential Professional Office Use.   Approved for up to 7 persons on site plus visitors.
· Exterior: Clapboard
· 8 parking spaces
· Lot: P32 Block: 2
· Eligible for County, State, and Federal Historic Preservation Tax Credits
· Property conveys with permit ready architectural plans for complete renovation and restoration as professional offices.