The Imagine Hope Community Charter School- Tolson Campus is located at 2917 8th Street Northeast in Washington, D.C. As of July 2015, Washington D.C. had an estimated population of 700,000 people. Commuters from the surrounding Maryland and Virginia suburbs raise the city’s population to more than one million during the workweek. The Washington metropolitan area has a population of over six million people, the seventh largest metropolitan statistical area in the country.
The subject property is roughly 34,962 square feet and is situated on approximately 0.78 acres. It is situated next to three additional charter schools within a primarily residential area. Additionally, the subject property is nestled in between the Catholic University of America and Trinity University. Imagine Hope Community Charter School benefits from its proximity to two popular metro stops, the Catholic University of America / Brookland metro stop as well as the Rhode Island Ave metro stop. Within three miles of the subject property there is a population of approximately 353,000 people and within five miles there is a population of approximately 760,000 people.
Less than a five-minute walk from the subject property, there are several brand new multi-family properties located right outside Catholic University’s campus. These luxury multifamily properties were constructed within the last few years are home to national tenants such as Starbucks, Barnes and Nobles, and Chipotle. Additionally, less than a three-minute walk from the subject property, there is a new 156-Unit Luxury multi-family property undergoing construction.
Less than a ten minute walk from Imagine Hope Community Charter School, on Rhode Island Avenue, there are plans for a new retail and residential development. The new development will consists of 208,000 square feet of retail space and 1,550 apartment units with over 1,500 parking spaces. Construction for Phase I is planned to begin July 2017.
