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1720-1722 Florida Ave NW 3,821 SF 100% Leased Office Building Washington, DC 20009 $2,665,748 CAD ($697.66 CAD/SF) 7.01% Cap Rate
Investment Highlights
- Corner location with great amount of natural light
- Beautifully built-out with a fully functional office space, separate 1-br+ den residential unit and two long-term retail tenants
- High pedestrian foot traffic and within walking distance to Dupont Circle, Adams Morgan and the U Street Corridor.
Executive Summary
Boutique mixed-use building in the heart of DC for sale. Asking price is $1,950,000.
The building comes with two long-term retail tenants, both neighborhood staples. The owner/occupier has also expressed interest in leasing back both the office and residential spaces, making this a perfect opportunity for an investor looking to buy an income generating asset. Alternatively, the owner will vacate the office space for a new owner/occupier.
The building comes with two long-term retail tenants, both neighborhood staples. The owner/occupier has also expressed interest in leasing back both the office and residential spaces, making this a perfect opportunity for an investor looking to buy an income generating asset. Alternatively, the owner will vacate the office space for a new owner/occupier.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
3,821 SF
Building Class
B
Year Built/Renovated
1928/2020
Price
$2,665,748 CAD
Price Per SF
$697.66 CAD
Cap Rate
7.01%
NOI
$186,869 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,911 SF
Building FAR
1.91
Lot Size
0.05 AC
Zoning
RC-2 - Mixed-use zoning allows for a variety of uses, including converting the office to residential and vis versa.
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Eddie Barber Shop
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Others Coffee
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Eddie Barber Shop | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Others Coffee | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,580 SF | Office | Full Build-Out | 30 Days |
2nd Floor
| Size |
| 1,580 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1 of 9
Videos
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Photos
Street View
Street
Map
2nd Floor
| Size | 1,580 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (82)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | 0150-0802 | Improvements Assessment | $1,826,490 CAD |
| Land Assessment | $1,100,204 CAD | Total Assessment | $2,926,694 CAD |
Property Taxes
Parcel Number
0150-0802
Land Assessment
$1,100,204 CAD
Improvements Assessment
$1,826,490 CAD
Total Assessment
$2,926,694 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1720-1722 Florida Ave NW
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