1601 18th St NW - Office/Residential CONDO FOR SALE


Washington, DC 20009- Dupont Circle
$325,000 USD
202-318-6800
1601 18th St NW, Washington, DC for Sale
$325,000 USD
Office/Residential CONDO - FOR SALE
1/17
null | Request Cap Rate

1601 18th St NW
Washington, DC 20009
Dupont Circle


HIGHLIGHTS

  • Delivered 100% Vacant at Closing | Ideal Owner/User Opportunity
  • Located 2 Blocks from the Dupont Circle Metro Station
  • Flexible MU-15 Zoning Permits a Number of Uses Including Non-Profit Organizations, Accounting Practice, Governmental Office, Medical, and Other Uses
  • Former Dentist Office with Seven Operatories, Dedication Lobby/Reception Area, Two Restrooms, and Two Points of Egress
  • Strong Neighborhood Demographics | $191,941 Average Household Income within 15-Minute Walk

OVERVIEW

Feldman Ruel Urban Property Advisors is pleased to present 1601 18th Street NW #3, an approximately 1,600-square foot commercial condominium located in the Imperial House, a property consisting of a mix of residential and commercial condominiums. The subject property is located just one block from Dupont Circle itself, making it an excellent opportunity for an office user, specifically in the medical/dental field, to establish themselves in one of Washington D.C.’s premier neighborhoods. Unit 3 at 1601 18th Street NW will be delivered 100% vacant at closing, allowing an owner-user to occupy the unit immediately or an investor to quickly begin lease-up efforts. The unit lends itself well to a myriad of potential uses, including traditional office as well as medical/dental use and even residential conversion. The unit is currently built-out for medical/dental use with seven operatories and plumbing for dental chairs. There is a designated reception area with two restrooms at the main entrance of the unit as well as the building lobby, which features a 24-hour concierge to receive visitors. The subject property is zoned MU-15 meaning there are several permissible uses. Among them are medical care, office use, governmental use, art gallery and design, college or university use, accounting practice, nonprofit organization, and many other uses. The unit can also be converted into a residential condominium.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Imperial House

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

93,000 SF

STORIES

10

BUILDING CLASS

B

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

MU-15

APN/PARCEL ID

0155-2160,0155-2237,0155-2239,0155-2288

ASK ABOUT THIS PROPERTY

Adam CostanzoFeldman RuelMore Info
202-318-6800

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Adam CostanzoFeldman RuelMore Info
202-318-6800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.