Former Truist Bank | Signalized Hard Corner | 18K VPD | Separate Drive-Thru

Highlights:

• Former Truist Bank | 19,320 SF on 1.71 AC with Drive-Thru: 1990 construction with prominent Main Street frontage and strong visibility; ample on-site parking.
• Affluent & Stable Trade Area: 5-mile avg HH income ±$178,643 with 91.6% homeownership; Montgomery County is among the nation’s wealthiest counties.
• Traffic & Access: Strategic frontage on Main Street with traffic of ±18,781 VPD supporting daily-needs and service-retail demand.
• Nearby Retailers: CVS, Safeway, Starbucks, McDonald’s, Dollar Tree, Anytime Fitness, M&T Bank, Weis, and more
• Mixed-Use CRT-1.75 Zoning (High Flexibility): Pedestrian-oriented district allowing wide uses—general retail, restaurant, day care, office, hotel/motel, manufacturing, and both single-/multi-family and senior housing (permitted/conditional as outlined).
• Growth & Revitalization Tailwinds: Nearby residential pipeline (e.g., Chain Commons/St. Anne’s Senior Apts; Victory Haven; Damascus Village; Reserve at Damascus) and ongoing Main Street placemaking efforts.

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2881/former-truist-bank-signalized-hard-corner-18k-vpd-separate-drive-thru?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2881

Marcus & Millichap is pleased to present a well-built former Truist Bank located at 9916 Main Street in Damascus, Maryland (the “Property”). Strategically located in suburban Washington, D.C., the Property is offered significantly below replacement cost and presents investors and users alike an exceptional opportunity for repositioning or redevelopment within one of Montgomery County's most stable and affluent trade areas.

Constructed in 1990, the property encompasses a ±19,320-square-foot retail building on a 1.71-acre parcel with a separate drive-thru and ample parking, offering exceptional visibility and access to support a broad mix of future uses. The Property is strategically positioned on a signalized corner parcel within a strong growth corridor with high street visibility and frontage. The Property offers desirable frontage along Main Street with traffic counts of 18,781 vehicles per day. The Property is zoned CRT-1.75 offering exceptional flexibility for a variety of uses. CRT-1.75 zoning is a mixed-use, pedestrian-oriented designation that permits an unusually wide array of retail, restaurant, office, hospitality, and residential options—creating multiple repositioning paths for investors or owner-users.

Damascus is located at a key junction of Maryland Routes 27, 108 and 124, about 30 miles northwest of Washington, DC in Montgomery County. Montgomery County is one of the wealthiest counties in the United States and the local economy is bolstered by affluent demographics with a 5-mile average household income of $178,643. The area’s median home values exceed $500,000, with nearby communities of Bethesda, Potomac, and Chevy Chase exceeding $1 million, highlighting significant local wealth. With a homeownership rate of 91.6%, Damascus demonstrates a highly stable residential base. The location benefits from active residential development and public-realm revitalization focused on a more walkable downtown core. Combined with above-average household incomes and a limited number of competing retail and service options in the area, the market offers strong purchasing power and an attractive environment for high-quality tenants.


The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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