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2917 NE 8th St - Hope Community Charter School 33,858 SF Specialty Building Offered For Sale in Washington, DC 20017
INVESTMENT HIGHLIGHTS
- On-site playground, full basketball court & 1 large cafeteria
- Ideal for either school users or investors seeking stable and predictable income
- $1.68 million average NOI
- 25+ surface level parking spots
- 7 years of remaining lease term
EXECUTIVE SUMMARY
2917 8th Street NE is a rare fully built out school opportunity located in the Brookland neighborhood, one of DC’s most rapidly evolving submarkets. The property is nestled between Catholic University and Trinity University and is walking distance to both the BrooklandCUA Metro and the Rhode Island Ave Metro - providing seamless connectivity to Downtown DC, NoMa, and Capitol Hill. The property is fully leased until July 2032 with an average NOI of $1.6 million with the ability to be delivered vacant to a user.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Building Size | 33,858 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | School | Year Built | 1948 |
| Building Class | B | Tenancy | Single |
| Lot Size | 0.78 AC | Parking Ratio | 0.44/1,000 SF |
| Zoning | PDR-1 - Modern Density Commercial | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 0.78 AC |
| Building Size | 33,858 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Tenancy | Single |
| Parking Ratio | 0.44/1,000 SF |
| Zoning | PDR-1 - Modern Density Commercial |
AMENITIES
- Bus Line
- Air Conditioning
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Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 3839-0813 | Improvements Assessment | $15,418,410 |
| Land Assessment | $5,727,750 | Total Assessment | $21,146,160 |
PROPERTY TAXES
Parcel Number
3839-0813
Land Assessment
$5,727,750
Improvements Assessment
$15,418,410
Total Assessment
$21,146,160
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2917 NE 8th St - Hope Community Charter School
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