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1732 Connecticut Ave NW
Washington, DC 20009
restaurant, offices, modest rents · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Central location in downtown neighborhood, near Dupond Circle and metro
- Building well maintained, stable business tenants, modest rents, most month-to-month
EXECUTIVE SUMMARY
This is a small commercial building that has about 5161 sf. The three floors are rented to stable commercial tenants, and the ground floor is leased to a restaurant. The cap rate reflects the first-year restaurant lease. Rents have been kept modest, and the three office tenants are month-to-month. A buyer could raise rents, retenant, or remodel.
The building is in the middle of the historical area, near Dupond Circle and the metro and has much street activity. Updated income and expense information is available, please send a message requesting it.
Note that 1732 is part of a vertically split building. The other side is 1734, which belongs to another owner and is not currently for sale.
The building is in the middle of the historical area, near Dupond Circle and the metro and has much street activity. Updated income and expense information is available, please send a message requesting it.
Note that 1732 is part of a vertically split building. The other side is 1734, which belongs to another owner and is not currently for sale.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
6,262 SF
Building Class
B
Year Built
1900
Price
$2,100,000
Price Per SF
$335.36
Cap Rate
6.35%
NOI
$133,250
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,566 SF
Building FAR
4.00
Lot Size
0.04 AC
Zoning
MU-20 - commercial; 4th floor office is mixed use
Parking
1 Spaces (0.16 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0092-0048 | Improvements Assessment | $324,070 |
| Land Assessment | $1,555,930 | Total Assessment | $1,880,000 |
PROPERTY TAXES
Parcel Number
0092-0048
Land Assessment
$1,555,930
Improvements Assessment
$324,070
Total Assessment
$1,880,000
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