1375 Maryland Ave NE
Washington, DC 20002 ·
10 Units · Multifamily For Sale
Pierce School Lofts
|No. Units||10||Cap Rate||5.50%|
|Building Size||25,000 SF||Occupancy||100%|
|Property Type||Multifamily||Year Built||1894|
|Property Sub-type||Garden/Low-Rise||Lot Size||23,000 SF|
|Property Use Type||Investment||APN / Parcel ID||1028-0193|
|Listing ID: 19957403||Date Created: 09/07/2016||Last Updated: 01/31/2017|
This fully leased 10 unit building was transformed from a former school house into lofts ranging from 1,100 square feet to 1,400 square feet plus a 2 story penthouse of 9,500 square feet. The main building is being sold with the an annex structure that creates a private rear courtyard where a 38,000 gallon heated pool is located for tenants. Other tenant amenities include a fitness room, grill/bar area, outdoor fireplace & spa. This unique 25,000+/- square foot buildings is located on the highly desirable H Street corridor. H Street is currently undergoing a massive transformation with over 1,400 new residential units, a newly completed DC Metro Street Car and high end retailers like Whole Foods. Street Car and high end retailers like Whole Foods.
Located one block from the highly-trafficked starburst intersection with major commuter avenues including Benning Road NE, Bladensburg Road NE, Maryland Ave NE and Florida Avenue NE. H Street continues to undergo a massive transformation with over 1,400 new residential units coming on-line, a newly completed DC Metro Street Car and high-end retailers like Whole Foods set to open in the near future. H Street NE continues to be one of DC' s most traveled destinations for trendy restaurants & shops.
1375 Maryland Ave NE, Washington, DC 20002 (District of Columbia County)
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