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1720-1722 Florida Ave NW 3,821 SF 100% Leased Office Building Washington, DC 20009 $1,950,000 ($510.34/SF) 7.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner location with great amount of natural light
- Beautifully built-out with a fully functional office space, separate 2-br residential unit and two long-term retail tenants
- High pedestrian foot traffic and within walking distance to Dupont Circle, Adams Morgan and the U Street Corridor.
EXECUTIVE SUMMARY
Boutique mixed-use building in the heart of DC for sale. Asking price is $2,150,000.
The building comes with two long-term retail tenants, both neighborhood staples. The owner/occupier has also expressed interest in leasing back both the office and residential spaces, making this a perfect opportunity for an investor looking to buy an income generating asset. Alternatively, the owner will vacate the office space for a new owner/occupier.
The building comes with two long-term retail tenants, both neighborhood staples. The owner/occupier has also expressed interest in leasing back both the office and residential spaces, making this a perfect opportunity for an investor looking to buy an income generating asset. Alternatively, the owner will vacate the office space for a new owner/occupier.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
3,821 SF
Building Class
B
Year Built/Renovated
1928/2020
Price
$1,950,000
Price Per SF
$510.34
Cap Rate
7.01%
NOI
$136,695
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,911 SF
Building FAR
1.91
Lot Size
0.05 AC
Zoning
RC-2 - is primarily intended for areas with moderately sized lots featuring semi-detached houses and some detached dwellings
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Eddie Barber Shop
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Others Coffee
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Eddie Barber Shop | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Others Coffee | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,580 SF | Office | Full Build-Out | 30 Days |
2nd Floor
| Size |
| 1,580 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 1,580 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (82)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 0150-0802 | Improvements Assessment | $1,346,870 |
| Land Assessment | $811,300 | Total Assessment | $2,158,170 |
PROPERTY TAXES
Parcel Number
0150-0802
Land Assessment
$811,300
Improvements Assessment
$1,346,870
Total Assessment
$2,158,170
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1720-1722 Florida Ave NW
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