5004 1st St NW - Drug Store FOR SALE


Washington, DC 20011- Fort Totten
$3,073,000 USD
202-318-6800
5004 1st St NW, Washington, DC for Sale
$3,073,000 USD
Drug Store - FOR SALE
1/6
null | Request Cap Rate

5004 1st St NW
Washington, DC 20011
Fort Totten


HIGHLIGHTS

  • • At a Signalized Intersection with Strong Visibility along a Highly Trafficked Corridor
  • • Owner-User Optionality | Commercial Space Can be Delivered Vacant at Closing
  • • Ample On-Site Parking Conveniently Located Fronting New Hampshire Avenue NW
  • • MU-3A Zoning Allows for Wide Range of Uses Including Retail, Office, & Multifamily
  • • Located in a Historically Underutilized Business Zone (HUBZone)

OVERVIEW

Feldman Ruel is pleased to offer for sale 5001-5005 New Hampshire Avenue NW, an excellent opportunity for an investor or owner-user, available on a compelling price-per-square-foot basis. New Hampshire Medical Supply currently occupies 100% of the commercial space, which is comprised of the sublevel and first level along with the majority of the second level. This tenant is expected to vacate by year-end 2026. The remainder of the second level is a tenanted, three-bedroom/two-bathroom multifamily unit. All leases are below market. The subject property is situated at multiple hard corners, one of which (New Hampshire Avenue NW & Farragut Street NW) provides a signalized intersection and excellent visibility along a highly trafficked corridor. 5001-5005 New Hampshire Avenue NW also provides 17 on-site parking spaces, including two ADA spaces, positioned directly in front of the buildings for maximum customer convenience, a scarce amenity in the Washington, D.C. market. Flexible MU-3A zoning allows a wide range of by-right uses, including retail, office, multifamily, hospitality and others.

FOR SALE DETAILS

PRICE

$3,073,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,125 SF

ZONING

MU-3, RA-1

APN/PARCEL ID

3403-0009,3403-0010,3403-0011,3403-0012,3403-0014,3403-1103

ASK ABOUT THIS PROPERTY

Ian RuelFeldman RuelMore Info
202-318-6800

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Ian RuelFeldman RuelMore Info
202-318-6800

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