Log In/Sign Up
Your email has been sent.
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 1-br+ den 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 $1,950,000.
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 - Mixed-use zoning allows for a variety of uses, including converting the office to residential and vis versa.
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 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1720-1722 Florida Ave NW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.