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517 2nd St NE
Washington, DC 20002
Office Property For Sale
EXECUTIVE SUMMARY
The owner of this property has a long-standing relationship with the tenant over several decades. The new owner has the option of keeping the current tenant in a portion or all of this space or occupying the entire property with appropriate notice to the tenant to vacate.
- FOR SALE: $1.791 MM
- Just 120K above assessed value
- 3,099 sf building
- 1,355 square foot lot
- Zoning MU4/CAP
- Current tenant on Month to Month lease for several decades
- Current tenant can remain as partial occupant or vacate with several months notice
- Directly Across the Street from Union Station and Thurgood Marshall Federal Judiciary Building
- 1 rear parking space included
- FOR SALE: $1.791 MM
- Just 120K above assessed value
- 3,099 sf building
- 1,355 square foot lot
- Zoning MU4/CAP
- Current tenant on Month to Month lease for several decades
- Current tenant can remain as partial occupant or vacate with several months notice
- Directly Across the Street from Union Station and Thurgood Marshall Federal Judiciary Building
- 1 rear parking space included
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,099 SF
Building Class
B
Year Built
1950
Price
$2,484,833 CAD
Price Per SF
$801.82 CAD
Cap Rate
6.70%
NOI
$166,484 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,550 SF
Building FAR
1.99
Lot Size
0.04 AC
Zoning
MU4/CAP - Residential, office, or retail.
Parking
1 Spaces (0.32 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0754-0035 | Improvements Assessment | $2,048,912 CAD |
| Land Assessment | $901,408 CAD | Total Assessment | $2,950,320 CAD |
PROPERTY TAXES
Parcel Number
0754-0035
Land Assessment
$901,408 CAD
Improvements Assessment
$2,048,912 CAD
Total Assessment
$2,950,320 CAD
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