A property in downtown Bethesda that held out against redevelopment for decades is holding out no more. 4829 West Lane is a 2000-square-foot single-family home that was converted into a two-level office space. The property owner declined to sell the .115 acre lot to the developer of The Chase condos, forcing the condominium complex to be built around it. MacKenzie Commercial Real Estate Services is listing the property at an asking price of $2.8 million.
What sorts of stuff would realistically pencil here given zoning? Is the most-likely outcome a SFH teardown?
ReplyDeleteIronically they listed it for sale a couple years ago but nobody would buy it because of the tiny dimensions so they put it up for rent. I guess the tenant is leaving so they’re trying again. Stupidity like this happens all the time in Bethesda. They need to take the money they’re offered and go!
ReplyDelete2.8 million for .115 acre? Dream on. Of course, Parks could buy it and waste another few million.
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