1214 Wisconsin Ave NW - Storefront Retail/Office FOR SALE


Washington, DC 20007- Georgetown
$4,295,000 USD
1214 Wisconsin Ave NW, Washington, DC for Sale
$4,295,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | 4.66% Cap Rate

1214 Wisconsin Ave NW
Washington, DC 20007
Georgetown


HIGHLIGHTS

  • At corner of Wisconsin and M Sts- high traffic area
  • Natural light thru skylight and front and rear windows
  • Open floor plan

OVERVIEW

All brick renovated building, leases to Brompton Bicycles for 5 years (Starting May 1, 2024) with 2.5% increases with option to renew in 5 years. Renovated in 2021 with no expense spared: New Sprinkler system, ADA Bathroom, hardwood flooring, steel staircases with wood treads, high ceilings (13"+), track lighting & ceiling fans. Egress through rear of second level. 10 year average (with renewed 5 year option lease) 5.22 CAP Rate. Owner will have a year to negotiate a different lease should the Tenant not renew it's option.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$1,453 USD /SF

CAP RATE

4.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Convenience Store, Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

MU-4

APN/PARCEL ID

1207-0127

ASK ABOUT THIS PROPERTY

Joseph ZorcColdwell Banker RealtyMore Info

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Joseph ZorcColdwell Banker RealtyMore Info

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