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2000-2002 Rhode Island Ave NE 6,383 SF Vacant Office Building Washington, DC 20018 $1,900,000 ($297.67/SF)
Investment Highlights
- Full- or Partial-User Optionality | Delivered Vacant at Closing
- Flexible MU-4 Zoning | Uses Including Retail, Office, Multifamily, & More
- Situated in the Path of a Robust Development Pipeline
- Repositioning Opportunity | 7 Points of Egress and 9 Electric Meters
- Located at a Signalized Intersection Along a Highly Trafficked Commuter Corridor
Executive Summary
Feldman Ruel is pleased to exclusively offer for sale 2000-2002 Rhode Island Avenue NE, a 6,373-square-foot, MU-4-zoned property at a signalized intersection. The subject property is currently operated as a healthcare training facility and has significant repositioning potential as it will be delivered vacant. There are three levels, each with their own point(s) of egress, creating the opportunity to operate this as a multi-tenant commercial or mixed-use asset. The subject property's nine electric meters also make it convenient to recapture expenses should the it further subdivided.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,383 SF
Building Class
C
Year Built/Renovated
1913/2009
Price
$1,900,000
Price Per SF
$297.67
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,127 SF
Building FAR
2.98
Lot Size
0.05 AC
Zoning
MU-4
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4219-0825 | Improvements Assessment | $1,933,420 |
| Land Assessment | $131,050 | Total Assessment | $2,064,470 |
Property Taxes
Parcel Number
4219-0825
Land Assessment
$131,050
Improvements Assessment
$1,933,420
Total Assessment
$2,064,470
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