4,500 Sqft Lot
4,500 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2186946
Year Built 1935
Annual Tax Amount $41,611
Tax Year 2024
Lot Size 4,500 Sqft
Acres 0.1
Property Sub-Type Retail
Source BRIGHT
Property Description
This distinguished property features a 3,850-square-foot building and is home to two strong restaurant tenants with leases extending until 2035. With a true NNN lease structure, there are no landlord responsibilities, ensuring a hassle-free investment. The space is currently built out as single story retail, and the property offers a valuable by-right development opportunity to build above the retail spaces up to 50 feet. This allows for a range of future commercial or residential possibilities, providing exceptional flexibility for investors.
Situated along Connecticut Avenue, the property boasts prime visibility and accessibility in a neighborhood experiencing a surge of new developments. Its strategic location makes it a standout investment opportunity in the nation's capital. Whether maintained as a stable income-generating asset or redeveloped into a modern, dynamic space, this property presents immense potential.
Location
State DC
County Washington
Zoning NMU-5A/WP
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 2204//0152
Ownership Fee Simple
Acceptable Financing Cash, Contract, Conventional, Seller Financing
Listing Terms Cash, Contract, Conventional, Seller Financing
Financing Cash,Contract,Conventional,Seller Financing
Special Listing Condition Standard
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