Per the report, the property located at 4923-4933 St. Elmo Avenue, was purchased by ZS Elmo LLC, a partnership headed by Daniel Mermel, according to paperwork filed in Montgomery County land records.
The two-story retail center contains approximately 9,800 SF of space on a 0.21-acre site between Norfolk Avenue and Old Georgetown Road. It’s currently the longtime home of Chicken on the Run and the newer CoffeeFi Roastery. Built in 1966, the property features multiple tenants and includes eight onsite surface parking spaces, along with immediate access to an adjacent Montgomery County public parking garage.
A previous marketing listing for the property highlighted both its current income potential and future redevelopment possibilities. The listing noted that approximately 1,558 SF of retail space was vacant, creating an opportunity for lease-up and increased cash flow…