List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, June 15th & ends Thursday, June 20, 2024 at 11:00AM. Estate Auction: Experience an unparalleled investment prospect with this distinguished 4-story multifamily property nestled in downtown DC's vibrant heart. Boasting eight existing units, this meticulously crafted building showcases intricate molding, lofty ceilings, a regal staircase, and expansive bay windows, all within a coveted urban locale. According to Bright MLS the building has a total of 6,532+/- sq. ft. Zoning: Commercial building zoned D-5. (Central Business District). According to the DC Zoning Handbook, the zoning "Permits high density development, with incentives for residential use in predominantly non-residential areas." The property's zoning permits the construction of two additional levels, accommodating four more units, while the basement presents an opportunity for further expansion with the potential for an extra unit. This strategic advantage positions the property for substantial future growth and enhanced rental income potential. Location: The building is nestled in the bustling heart of downtown Washington, DC. It is strategically positioned mere steps from prestigious landmarks such as the IMF, George Washington University Hospital, The World Bank, Lincoln Memorial, and more. This property offers unparalleled accessibility and visibility with close proximity to major transportation hubs, including Farragut West and Foggy Bottom Metro Stations. The potential for high tenant demand is undeniable. The building is in need of renovation. We believe the potential is boundless as you envision transforming this building to suit your needs.
List price is Opening Bid At The Online Only Auction Sale. Online auction to be conducted on Auctioneers website. Bidding begins Wednesday, June 19th and ends Monday, June 24, 2024 at 1:00PM. Excellent condo development opportunity. Seller has a recently issued current building permit and full set of stamped plans for a 17-unit condominium conversion project. The approved plans include 16 1BR/1BA luxury units, 1 2BR/2BA penthouse unit and 4 on-site parking spaces. The property is currently vacant and in need of full renovation. Location: This exceptional opportunity is located directly across from the U.S. Arboretum, a few blocks from Gallaudet University and located near various restaurants, bars, shops and more! Lot Description: 4,074+/- square feet of Land Area. Lot zoned RA-2. Square 4467 Lot 0005. The property sits on a corner lot. Building Permit Info: 16 Units are 1 bedroom and 1 full baths. 1 Unit is 2 bedroom and 2 bath Penthouse. Total of 7,299 +/- sq. ft. (Building plans are available for review in document section) Building permit B2207226.
The Opportunity at 2005-2009 M Street NE, is a Shovel-Ready Development featuring 29 Units on 19367 Total Buildable Square Feet Delivered Shovel-Ready, professionally designed and value engineered multi-family development project with views of (and across the street from) the National Arboretum Designed by an experienced local developer to maximize potential rents / sales and an efficient / speedy construction Located in the northeast most corner of the Carver Langston Neighborhood, adjacent to the National Arboretum, two blocks from Aldi and a short walk to the excitement of H Street NE
Investor Alert! A prime opportunity awaits with this mixed-use property in the heart of Columbia Heights. Zoned MU-4, provides a variety of opportunities for multi-family or condominium redevelopment, business owner/operators, live/work occupants, or investors looking for a cash-flowing asset. 1 Retail unit and 2-residential apartment units. Each unit ranges from 1,000-1,250 SF, Three bedroom, three bath, recently renovated unit features with washer & dryer IN UNIT, separate electric, secured gate entrance, enhanced by a quiet enclosed rear patio open to all tenants for entertaining, or relaxing. Please note, photos are from when property was renovated previous to the current tenants. Located across from bus routes and 2 blocks from the Columbia Heights Metro, Target shopping center, Starbucks and much more.
Exciting Opportunity: Prime Tenant-Occupied Property! Seller financing is available with 30% down. Welcome to a lucrative investment opportunity right across from the bustling Minnesota Ave subway station. This property, currently serving as a thriving doctor's office, boasts a net lease arrangement. What does that mean? The tenant takes care of all expenses, including DC property taxes and property insurance, ensuring a hassle-free ownership experience for you. Generating a gross income of $21,000, the current rent is just the beginning. With the potential to raise the rent per square foot, this investment promises even greater returns. Also the value is in the lot this being corner unit and zoned MU-3A tons of potentials. Don't miss out on this golden opportunity to own a prime piece of real estate. Act now before it's gone! Plenty of parking side parking belongs to the city and parking is allowed as long as driveway is gravel.
Opportunity to invest in multi-unit property in Deanwood, NE Washington DC. All units are configured with 1 bedrooms and 1 bathroom , six (6) units total. Notable upgrades include: newer roof, updated flooring in some units, and more... This multi-unit building offers an excellent opportunity for savvy investors seeking to expand their portfolio. With a combination of style, convenience, and income potential, this property is a standout in the local market. Donât miss out on your opportunity to invest and set up youâre showing with us today
Welcome to 1420 17th Street NW and the commercial block of 17th Street in the Dupont Circle neighborhood. This beautiful, bright, historic mansion has 4 levels with 6 bedrooms spread over 5,200 sq ft. The 17th Street Mansion is located on a busy commercial street loaded with local restaurants, neighborhood events, small businesses and a very active nightlife scene. Multiple Metro trains and bus lines are only steps from this location. Your business will get maximum exposure being on the corner of 17th street and P street NW. You walk back in time as you enter the light filled foyer of the this late 19th century mansion. The attention to detail is astounding. The following list highlights some of the unique features of this property: 10 ft ceilings, natural light in every room (multiple windows and 4 skylights), large custom kitchen plus a basement kitchen, 5 bathrooms, 4 outdoor spaces(roof top deck), 2 impressive staircases, 6 fireplaces with the original custom mantels. The basement has three individual bedrooms, two bathrooms, a kitchen and two different entrances spread out over 1,000 sq ft. Ft. This property is currently set up as a home. The property is being sold "as is".
This new construction build is situated on a .05-acre lot, amassing six stories with a rooftop deck. Included in the 8,276 Square Feet of rentable space are six bi-level units and two penthouse each with a separate rooftop deck. Each of the eight units are delivered with condo level finishes including granite countertops, stainless steel appliances, custom granite tops, and much more. The property also comes with two parking spaces for future tenants. A buyer can achieve a NOI of approximately $219,283 in year 1, which operates at a 6.64% Cap Rate based off the sales price. This investment also yields a 15.76% 5- year levered return, which is highly attractive in todayâs market. Future appreciation based off of the corridorâs revitalization should also be considered when analyzing this investment. Since 2000, the median household income in the area has increased by 97.4%. The average household income in 2022 for this corridor is $145,000, approximately 50% higher than the U.S. average. With dozens of development projects set to be completed over the next few years, Brightwood is set to become a retail hot bed, with new commercial real estate being developed on Kennedy Street, and at the Fort Totten metro (five blocks away). The Kennedy Street corridor is a designated âGreat Streetâ corridor that is bolstered by new residential and commercial development. In addition to its recent residential building boom, Kennedy Street offers a mix of independent retailers, restaurants, and specialty grocers. This site is located two miles away from âThe Park at Walter Reed, a 66-acre redevelopment of the former Walter Reed Army Medical Center. This Park will include 3.1 million square feet of mixed-use development.
ð¢ð½ï¸ Exciting opportunity on H St! A fully equipped restaurant in the heart of the thriving H St Corridor. With 2 levels of seating, a full bar, and a well-equipped kitchen, including fryers, grills, and walk-in refrigerators, as well as under counter refrigeration. This is a turnkey operation. Whether you're looking to purchase, lease, or combine with 1222 H for a bigger project, this property offers tremendous potential. Take advantage of the recently approved bonus FAR by BZA and unlock even more value. ðð¼ #HStCorridor #RestaurantForSale #RealEstateOpportunity
Marucs & Millichap is pleased to exclusively represent the owner of 1421 H Street NE, a mixed-use building with three stories, renovated in 2020, and located on the H Street Corridor. 1421 H Street NE is a 2,276 square foot mixed-use property that features a first and 2nd floor retail space including a a spacious lounge on the second floor. This building also includes two apartment units comprised of a studio unit, and a one-bedroom unit. The building sits on a .03 acre parcel, and it is zoned NMU-7B/H-A ,mixed-use medium density use). The retail space is currently vacant providing a new owner the opportunity to owner-occupy this portion of the building or lease the space to a retail tenant. The residential units are separately metered and fully leased with market rate tenants. Market rents (retail and residential) for the H Street corridor are increasing every year which allow a new owner the ability to increase cashflow with minimal capital improvements. In addition, the property features two parking spaces in the rear of the property. There is also street parking on H Street and rear access to the Maryland avenue street where there is additional street parking. The H Street corridor has experienced tremendous revitalization over the past several years surrounded by retail, award-winning restaurants, and new commercial real estate development . Transportation can be easily accessed through Union Station and the NoMa-Gallaudet metro stations, metro bus lines on H street and the DC Streetcar rail system which has almost 3,800 riders per weekday. 1421 H Street NE is centrally located between Union Market to the North, âNoMaâ to the Northwest, and the historic neighborhood of Capitol Hill to the South. The property is also seven blocks away from Whole Foods, and walking distance to national retailers including Starbucks, CAVA, and Orangetheory Fitness, and numerous recently-delivered Class A , mixed-use buildings. This property offers an investor the opportunity to enter a rapidly transforming submarket at a relatively low-cost basis compared to other neighborhoods in Washington,DC. For any inquiries or information regarding this property, please contact the showing agent only after you and your client have reviewed the Offering Memorandum on our website. Reach out exclusively to the showing agent to schedule a tour or discuss any details.
Don't miss this unique opportunity to purchase this vacant H St asset that is a blank canvass to do with as you see fit. All mechanicals seem to be in good working order but need to be verified. This is offered in combination with 1224 H ST NE , directly next door as an assemblage that would make for a nice project on H St. Call agent for details
Located at the corner of Bladensburg Road and Evarts Street, this property is improved by an active, existing Church. Brick construction containing 7,948 SF on .36 acres +/-. The seating capacity in the is approximately 186. There are 18 parking spaces and off street parking is also available. The property carries a MU-04 Zoning classification and R-1-B Zoning classification. Property is being sold "as is", buyer to do their own due diligence. Property appraised above list price. The possibilities are endless. There is walk score of 73, bike score of 50, and transit score of 52. There are bus lines within less than .5 miles. The Shops at Dakota Crossing conveniently located less than 2 miles which includes many retail outlets such as Costco, Starbucks, Lowes, Pet Smart, Chick-Fil--A, and more... The nearest commercial airport is Reagan National Airport and is located within 9.2 miles of the property.
Shovel Ready 19 Unit Development with full plans and DC approved permits in Carver Langston. as a unique turnkey development opportunity, with all the challenging groundwork of permits and approvals already completed. This 19-unit multifamily building plan is designed to meet the high standards and demands of the area. Great project for experienced or new investors/developers.
Combined spaces with storefront. Currently used as a daycare, but could also be the neighborhood cafe. Off Street parking included. Current tenantâs lease expires October 2025. Zoned MU-3
4474 & 4478 MacArthur Boulevard NW are two side-by-side multifamily assets totaling twelve (12) units in the Palisades neighborhood of Washington, DC (the âPropertyâ). Located along MacArthur Boulevard NW, the Property is a short walk from the banks of the Potomac River and is less than 1-mile from Georgetown University. The Property also offers convenient access to Georgetownâs M Street and Wisconsin Avenue, offering a wide array of shopping, dining, grocers, public parks, and entertainment options. 4474 & 4478 MacArthur Boulevard provide a unique opportunity to acquire exceptionally well-located value-add assets in one of the hottest real estate markets in a region that is poised for future growth. Also of note: 1.) The Property is subject to approximately $1.55 million in assumable debt (3.40% interest rate) that is fixed for over six years remaining. 2.) TOPA process has already been completed.
Welcome to this fully renovated 4-unit apartment building. It has 2-2 bedroom 1 bath units and 2-3 bedroom 1 bath units. They are fully self contained and each unit has it's own HVAC and hot water heaters. It is separately metered for electric. This building is rented out to Section 8 tenants and is completely leased. Own a piece of this up and coming neighborhood with a ton of construction going on and it will only increase in value. Owners are requesting that the buyer provide proof of funds or a lender letter. TOPA has not been issued.
OPPORTUNITY ZONE -- A 2-story brick building configured w/2 units in the "Deanwood" neighborhood of NE Washington, DC. This is an opportunity to develop the property or renovate the current building. The property has RA-4 zoning. According to the DC Government Zoning Book: "The RA-4 zone provides for areas developed with predominantly medium- to high-density residential." It is in a residential apartment zone and permits medium to high-density apartments. We included an external link to view the Zoning information. Please do your due-diligence to determine what development is possible on this property. Location: The property has a convenient location near dining, shopping, schools, recreational facilities, parks, access to transportation routes and metro station; and very near the DC/MD line. Deanwood is a residential neighborhood in Ward 7 of NE Washington, DC.
Commercial Building has 3 tenants 2nd floor offices $2500 per month, 1st floor Barber Shop $1800 per month 1st floor Hair salon $2400 per month all tenants on month to month leases. basement storage
