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1658 33rd St NW 2,924 SF 100% Leased Retail Building Washington, DC 20007 $1,580,900 ($540.66/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 2,924 SF mixed-use property featuring ground-floor retail space and upscale residential units on the upper level.
- Ground floor retail space & lower level recently occupied by Coco Spa; top level is occupied as 1 bedroom condo with 1 full bath, laundry in the unit
- Excellent access and visibility (to Wisconsin Ave and Reservoir Rd).
- Close proximity to Georgetown University, Corcoran College of Art & Design, American University, and George Washington University
EXECUTIVE SUMMARY
Located at 1658 33rd St NW in the prestigious Georgetown neighborhood of Washington, DC, this 2,924 SF mixed-use commercial building offers a prime investment opportunity. The property includes a ground-floor retail space currently leased to the well-known Coco Spa, ensuring a reliable stream of rental income. The second floor features a high-end residential apartment, ideal for tenants seeking luxury living in one of the city's most desirable areas. With its prime location and versatile usage options, this property represents a strong investment prospect in a premier Washington DC submarket.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,924 SF
Building Class
C
Year Built
1917
Price
$1,580,900
Price Per SF
$540.66
Cap Rate
5%
NOI
$79,045
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.24
Lot Size
0.03 AC
Zoning
MU-4 - permit moderate-density mixed-use development at a limited height and with an emphasis on housing
Frontage
22’ on 33rd St NW
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1290-0237 | Improvements Assessment | $651,090 |
| Land Assessment | $415,010 | Total Assessment | $1,066,100 |
PROPERTY TAXES
Parcel Number
1290-0237
Land Assessment
$415,010
Improvements Assessment
$651,090
Total Assessment
$1,066,100
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1658 33rd St NW
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