After twenty years and two million TV commercials, you could own "THE JEWELRY EXCHANGE BETHESDA!!!" The longtime jewelry store closed just over a month ago at 7747 Old Georgetown Road, and their voiceover guy has gone back to his day job as a boxing ring announcer. But now the vacant building itself is on the market. The asking price is $4,450,000.
You won't find "thousands of GIA diamonds" inside, but you will find a jewel of a potential redevelopment opportunity. Can you assemble the adjoining properties along Old Georgetown and St. Elmo Avenue?
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| Potential lot assembly with adjoining properties shown in red |
Alternatively, it could be a cash-generating investment to maintain it as a retail building with the rare amenity of your own surface parking lot downtown. You might even be able to divide it into two spaces, and charge two retail/restaurant tenants for monthly rent. The building is being offered for sale by Conley Management, Inc.
3 comments:
There's lots of potential for this site. Hopefully it doesn't turn into another moribund retail bank branch.
Sounds intriguing, especially considering it's not all *that* much more than some of the popsicle-sticks-and-bubblegum mega-mansions getting thrown up (sic) around the area.
C'mon Robert, post my comment. It's funny and does not disparage anyone.
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