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1717 N St NW 4,666 SF 100% Leased Office Building Washington, DC 20036 $3,100,000 ($664.38/SF)
INVESTMENT HIGHLIGHTS
- • Flexible Occupancy | 1 Month-To-Month Tenant
- • Unutilized GLA | Space on First Level can be Converted to Another Suite
- • Located Outside of DuPont Circle Business Improvement District
- • Sale-Leaseback Opportunity | Maximum 6-to-12 Month Term
- • Recent Building Upgrades Include New HVAC, Fire Alarm, Intercom, Carpet, & Ceramic Façade
- • Average Household Income of $151,862 within a 1-Mile Radius
EXECUTIVE SUMMARY
Feldman Ruel is pleased to present 1717 N Street NW, a fully-occupied, four-level, boutique office property totaling approximately 4,666 square feet. The subject property’s MU-1/DC zoning classification permits a wide-range of uses including retail, office, and residential. 1717 N Street NW will be delivered fully occupied upon sale. One of the three office suites is occupied by the owner, who is prepared to sign a six-to-12-month lease upon sale. Additionally, the shared conference room on the first level could be converted to another office space for an owner-occupant or tenant for additional revenue. Located only a few blocks from the Dupont Circle, Farragut North, and Farragut West Metro stations and surrounded by a bevy of retailers, restaurants, hotels, and other neighborhood amenities, 1717 N Street NW provides an excellent opportunity to acquire a stabilized office property in one of Washington, D.C.’s most dynamic neighborhoods.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
4,666 SF
Building Class
C
Year Built/Renovated
1900/1986
Price
$3,100,000
Price Per SF
$664.38
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,167 SF
Building FAR
2.68
Lot Size
0.04 AC
Zoning
MU-1/DC
Parking
2 Spaces (0.43 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (99)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 0158-0801 | Improvements Assessment | $665,320 |
| Land Assessment | $1,133,670 | Total Assessment | $1,798,990 |
PROPERTY TAXES
Parcel Number
0158-0801
Land Assessment
$1,133,670
Improvements Assessment
$665,320
Total Assessment
$1,798,990
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1717 N St NW
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