1613 Montello Ave NE - Storefront FOR SALE


Washington, DC 20002- Trinidad
$1,680,000 USD
703-395-3123
1613 Montello Ave NE, Washington, DC for Sale
$1,680,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

1613 Montello Ave NE
Washington, DC 20002
Trinidad


HIGHLIGHTS

  • Union Market / Trinidad corridor, 2 Blocks from Gallaudet University - ready for transformation
  • 7,990 SF LOT is surrounded by thriving multi-family condo conversion - Corner LOT
  • Land Use: MU3A - Mixed Use Commercial / Residential, 3 Stories, Height up to 40 Feet
  • Capitalizing on the area's growth and demand for quality housing
  • Incredible owner/user or value-add opportunity with the potential to enhance property through targeted improvements
  • 1611-1613 Montello Ave, 2 units. Currently operating as a Supermarket w/Beer & Wine. An additional unit can be developed as a coin laundry or generate

OVERVIEW

SIGNIFICANT PRICE IMPROVEMENT! Former Safeway Building! 1611-1613 Montello Ave, 2 units. Currently operating as a Supermarket w/Beer & Wine. An additional unit can be developed as a coin laundry or generate rental income. Prime Development Opportunity in Trinidad - 2 blocks from Gallaudet University, close to Union Market and NOMA. Corner Fee simple building, Total 7,990 SF LOT, 5,900 SF Building. Zoned MU-3A ALLOWS 3 stories, Height up to 40 Feet, mixed-use project the retail space on the ground floor. The neighborhood has experienced significant appreciation, several nearby properties have been successfully developed into boutique condo building, indicating the strong potential for expansion. Contact Lister for details and schedule a viewing. Please DO NOT DISTURB the current operator! ALL offers encouraged. An incredible value that won't last long!

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Safeway Building l Corner LOT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Holbrook

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

MU-3A

APN/PARCEL ID

4057-0828

ASK ABOUT THIS PROPERTY

Kevin ShinFortune Realty AdvisorsMore Info
703-395-3123

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Kevin ShinFortune Realty AdvisorsMore Info
703-395-3123

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