The property is located in downtown Bethesda in the highly sought after Woodmont Triangle area. The two story building overlooking Battery Park was designed for a by-right expansion of approximately 14,800 sf of office or expansion/conversion to multifamily/mixed-use.
This industrial site was acquired by an affiliate of the Maven Group in 2005. Lot 1 contains a 100,896-square-foot light manufacturing facility that is 100% triple-net leased to ViaSystems, Inc. The Maven Group will likely develop the adjacent Lot 2 for flex warehouse and retail in the next twelve months
The 90 year old 4 story brick building was completely renovated in 2000/2001 into 69 condominium units ranging in size from 398 to 980 square feet, efficiency, one and two bedroom units with varying views. The property is conveniently located on the northwest corner of Columbia Road and 14th Street.