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2218 Rhode Island Ave NE 3,600 SF Retail Building Washington, DC 20018 $1,250,000 ($347.22/SF)
INVESTMENT HIGHLIGHTS
- Mixed-use zoned property built out as medical office with alley access, parking, and garage
- Flexible MU-4 zoning allows for a range of commercial and residential uses
- 20 feet of frontage on Rhode Island Avenue NE connecting University of Maryland to Downtown Washington, DC
- Excellent condition and move-in ready for medical office user
- Opportunity for an investor or owner/user to utilize the entire building as commercial or convert the 2nd level to residential
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1955/2014
Price
$1,250,000
Price Per SF
$347.22
Tenancy
Single
Building Height
3 Stories
Building FAR
2.15
Lot Size
0.04 AC
Zoning
MU-4
Parking
3 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
20’ on Rhode Island Ave
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4248-0021 | Improvements Assessment | $659,970 |
| Land Assessment | $93,540 | Total Assessment | $753,510 |
PROPERTY TAXES
Parcel Number
4248-0021
Land Assessment
$93,540
Improvements Assessment
$659,970
Total Assessment
$753,510
CONTACTS
-
Ian Weisz -
Donivan Okolita -
Benjamin Wilson -
Burke McLaughlin -
Greysteel Holdings
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2218 Rhode Island Ave NE
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