A former Truist Bank (and Suntrust) branch located at 9916 Main Street in Damascus will be offered at auction from December 15 to 17, with bidding starting at $175,000.
The 1.71-acre property, marketed by Marcus & Millichap, presents an opportunity for investors, developers, or potential owner-users seeking a high-visibility site in one of Montgomery County’s most stable and affluent trade areas, per the LoopNet listing.
The property includes a 19,320SF commercial building positioned on a signalized hard corner along Main Street, which carries an estimated 18,781 vehicles per day. It features a separate drive-thru, ample parking, and prominent frontage that supports strong visibility for a range of commercial uses. Surrounding retailers include CVS, Safeway, Starbucks, McDonald’s, M&T Bank, Anytime Fitness, Weis and other daily-needs businesses.
The site is zoned CRT-1.75, a mixed-use, pedestrian-oriented designation that allows a wide range of potential uses, including general retail, restaurant, office, day care, hospitality and residential components. According to the listing, the flexibility of the zoning makes the property suitable for repositioning or possible redevelopment.
Damascus, located near Maryland Routes 27, 108 and 124, benefits from a highly stable residential base and strong demographics. Within a five-mile radius, average household income is approximately $178,643 and homeownership is reported at 91.6 percent. Montgomery County is consistently ranked among the wealthiest counties in the country, further reinforcing the market strength. The area is also experiencing ongoing residential growth and continued efforts to create a more walkable and active downtown core.
The property is being marketed as priced significantly below replacement cost and as an opportunity within a submarket that has strong purchasing power and limited competing service-retail options. Interested bidders can participate during the December 15 to 17 auction window.
