319 Pennsylvania Ave SE | Washington, DC 20003
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- LoopNet Team
319 Pennsylvania Ave SE
Washington, DC 20003
8.12% 3 Year Average Cap Rate NNN Leased · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Major capital expenditures to improve building, fixtures, appliances, and services
- ZOCA is Coastline Restaurant Group’s acclaimed Mexican food concept
- Tenant reimburses 100% real estate taxes and expenses
- 16.28% rental increase in 2025 – 2.5% Annual Rent Increases Thereafter
- 6,000 sf of Highly Adaptable Capitol Hill Real Estate Directly on heavily traveled Pennsylvania Avenue (49,000+ADT)
- Blended Three Year Cap Rate of 8.61%
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,375 SF
Building Class
B
Year Built/Renovated
1900/2022
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.93
Lot Size
0.05 AC
Zoning
MU-26 - MU-26: Mixed Use
Frontage
25’ on Pennsylvania Ave
PROPERTY TAXES
| Parcel Number | 0790-0818 | Improvements Assessment | $2,258,260 |
| Land Assessment | $603,010 | Total Assessment | $2,861,270 |
PROPERTY TAXES
Parcel Number
0790-0818
Land Assessment
$603,010
Improvements Assessment
$2,258,260
Total Assessment
$2,861,270
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