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1214 Wisconsin Ave NW 2,956 SF 100% Leased Retail Building Washington, DC 20007 $4,295,000 ($1,452.98/SF) 4.66% Cap Rate
INVESTMENT HIGHLIGHTS
- At corner of Wisconsin and M Sts- high traffic area
- Open floor plan
- Natural light thru skylight and front and rear windows
EXECUTIVE SUMMARY
All brick renovated building, leases to Brompton Bicycles for 5 years (Starting May 1, 2024) with 2.5% increases with option to renew in 5 years. Renovated in 2021 with no expense spared: New Sprinkler system, ADA Bathroom, hardwood flooring, steel staircases with wood treads, high ceilings (13"+), track lighting & ceiling fans. Egress through rear of second level. 10 year average (with renewed 5 year option lease) 5.22 CAP Rate. Owner will have a year to negotiate a different lease should the Tenant not renew it's option.
Owner User is possible with tenant buy out- call agent.
Owner User is possible with tenant buy out- call agent.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,956 SF
Building Class
C
Year Built/Renovated
1900/2019
Price
$4,295,000
Price Per SF
$1,452.98
Cap Rate
4.66%
NOI
$200,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.26
Lot Size
0.03 AC
Zoning
MU-4 - MU-4 permits moderate-density mixed-use development at a limited height.
Frontage
15’ on Wisconsin Ave NW
AMENITIES
- Mezzanine
- Signage
- Skylights
- Storage Space
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
All spaces are contiguous up to 2,956 SF. Do not disturb Tenant, confidential listing!
All spaces are contiguous up to 2,956 SF. Do not disturb Tenant, confidential listing!
All spaces are contiguous up to 2,956 SF. Do not disturb Tenant, confidential listing!
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,388 SF | Retail | In-Line | 30 Days |
| 2nd Floor | 1,124 SF | Retail | In-Line | 30 Days |
| 3rd Floor | 444 SF | Retail | In-Line | 30 Days |
1st Floor
| Size |
| 1,388 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
2nd Floor
| Size |
| 1,124 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
3rd Floor
| Size |
| 444 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,388 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
All spaces are contiguous up to 2,956 SF. Do not disturb Tenant, confidential listing!
2nd Floor
| Size | 1,124 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
All spaces are contiguous up to 2,956 SF. Do not disturb Tenant, confidential listing!
3rd Floor
| Size | 444 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
All spaces are contiguous up to 2,956 SF. Do not disturb Tenant, confidential listing!
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1207-0127 | Improvements Assessment | $1,132,710 |
| Land Assessment | $1,268,260 | Total Assessment | $2,400,970 |
PROPERTY TAXES
Parcel Number
1207-0127
Land Assessment
$1,268,260
Improvements Assessment
$1,132,710
Total Assessment
$2,400,970
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1214 Wisconsin Ave NW
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