Investment Overview

Marcus & Millichap is pleased to present 4824 Edgemoor Lane, a 111-unit ground-up multifamily development opportunity located in the heart of downtown Bethesda, Maryland, one of the most affluent, high-demand submarkets in the Washington, DC metro area. The location of the development is optimal, as it is positioned directly between the two highest-density retail and restaurant corridors of the extremely walkable and highly amenitized Bethesda neighborhood. The offering represents a rare chance to acquire a fully planned development site in a premier location, positioned to deliver high-end Class A residential product to a submarket defined by deep renter demand, premium rent levels, and limited additional supply of development opportunities. The development site is strategically located across from one of the highest demand luxury apartment buildings in the area, The Edge, which is achieving 99.4% occupancy, the highest in the neighborhood. A developer has an extremely unique chance to capitalize on this irreplacable location.