UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,668 sqft
Price per Sqft $824
MLS Listing ID DCDC2186946
Year Built 1935
Annual Tax Amount $41,611
Tax Year 2024
Lot Size 4,500 Sqft
Acres 0.1
Property Sub-Type Retail
Source BRIGHT
Property Description
This distinguished property features a 3,850-square-foot building and is home to two strong restaurant tenants with leases extending until 2035. With a true NNN lease structure, there are no landlord responsibilities, ensuring a hassle-free investment. The space is currently built out as single story retail, and the property offers a valuable by-right development opportunity to build above the retail spaces up to 50 feet. This allows for a range of future commercial or residential possibilities, providing exceptional flexibility for investors.
Situated along Connecticut Avenue, the property boasts prime visibility and accessibility in a neighborhood experiencing a surge of new developments. Its strategic location makes it a standout investment opportunity in the nation's capital. Whether maintained as a stable income-generating asset or redeveloped into a modern, dynamic space, this property presents immense potential.
Location
State DC
County Washington
Zoning NMU-5A/WP
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 2204//0152
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Contract, Conventional, Seller Financing
Listing Terms Cash, Contract, Conventional, Seller Financing
Financing Cash,Contract,Conventional,Seller Financing
Special Listing Condition Standard
REALTOR® | OWNER | License ID: SP98375761
+1(202) 427-9689 | john@colemanresidential.com
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