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Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $638
Subdivision Brentwood
MLS Listing ID DCDC2014644
Sold Date 04/07/22
Originating Board BRIGHT
Year Built 1931
Annual Tax Amount $3,655
Tax Year 1997
Lot Size 2,290 Sqft
Acres 0.05
Property Description
The fee simple 3,600 sf Industrial building interest in one of DC's most dynamic nieghborhoods / Union Market. This industrial asset is perfect for a owner / occupant or opportunistic developer. Located block away from NoMa/Gallaudet Metro in the heart of the booming Union Market neighborhood. 3,000+ residential units, 500,000 SF of office and 200,000+ SF of retail are in the pipeline.
The building has been self managed & leased by owner and offers a value add opportunity with under market value rents, the ability to reposition the rentable square footage on the existing leases and restructuring the retail leases to net leases. Tenant pay taxes, utilities and interior and exterior repairs & maintenance. Do not disturb current tenant.
Location
State DC
County Washington
Zoning CM1
Interior
Hot Water Natural Gas
Heating Other
Cooling Other
Flooring Concrete
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3589//0032
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Kevin B Shin • Fairfax Realty 50/66 LLC
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