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2116 18th St NW 4,400 SF 100% Leased Retail Building Washington, DC 20009 $1,600,000 ($363.64/SF)
Investment Highlights
- Mixed-use building on the 2100 block of 18th Street NW in Adams Morgan with a blend of apartments, office, and retail
- Lower Level space is occupied by a long-term retail tenant in year 7 of a 10-year lease with two 5-year options
- Opportunity for new owner to add value by leasing the 2nd floor office unit or converting it to residential.
- Grocery store on the first level is paying market rent but is on a month-to-month lease and could be vacated for an owner/user or new tenant
Executive Summary
Mixed-use building on the 2100 block of 18th Street NW in Adams Morgan
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1900/2006
Price
$1,600,000
Price Per SF
$363.64
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.20
Lot Size
0.05 AC
Zoning
MU-4 - mixed-use areas that permit a range of uses including commercial and residential development at moderate densities
Frontage
20’ on 18th St NW
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (90)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2554-0033 | Improvements Assessment | $1,928,100 |
| Land Assessment | $439,620 | Total Assessment | $2,367,720 |
Property Taxes
Parcel Number
2554-0033
Land Assessment
$439,620
Improvements Assessment
$1,928,100
Total Assessment
$2,367,720
Contacts
-
Ian Weisz -
John Spaller -
Benjamin Wilson -
Burke McLaughlin -
Forrest Bounds -
Greysteel Holdings
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2116 18th St NW
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