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2307 18th St NW 4,612 SF 100% Leased Retail Building Washington, DC 20009 $2,775,000 ($601.69/SF) 6.25% Cap Rate
Executive Summary
Charming 5 level mixed use building in the heart of Adams Morgan. Fully gutted and renovated in 2007 including the addition of a 4th floor and habilitation of the basement. Three spacious 2-bedroom units (approx 900 sf each), with retail on street level including improved walk out basement currently used as retail. Will be sold fully leased. Two parking spaces convey in rear of building. Financials/rent roll can be provided. Great for 1031 exchange.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,612 SF
Building Class
B
Year Built/Renovated
1900/2007
Price
$2,775,000
Price Per SF
$601.69
Cap Rate
6.25%
NOI
$173,438
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
2.67
Lot Size
0.04 AC
Zoning
MU-5A - Mixed Use with 3 two bedroom residential units, storefront retail (currently a restaurant) and walk out improved basement
Parking
2 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
17’ on 18th St NW
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2560-0869 | Improvements Assessment | $2,132,950 |
| Land Assessment | $566,150 | Total Assessment | $2,699,100 |
Property Taxes
Parcel Number
2560-0869
Land Assessment
$566,150
Improvements Assessment
$2,132,950
Total Assessment
$2,699,100
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2307 18th St NW
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