Commercial / Residential / Retail building in upper Georgetown. Recently an art gallery.Expanded and renovated to include approximately 3,000SF. on the upper floors plus utility/storage in basement area of approximately 500SF. Great location for multiple uses including apartment above and office on the main level. There is an enclosed patio in the back. Total gross building area: 3,692SF. On the 1st floor there is a small entrance vestibule with door leading to the 1st floor retail space and the 2nd floor stairs, allowing 2 separate tenants. A restroom, a kitchen and two offices are located on the 2nd floor. The entire building has up-to-date finishes including an acoustical grid ceiling, drywall finishes, modern millwork, and extensive track lighting.The entire building also has a fire alarm system. Zoning: MU-4 the Mixed-Use (MU) zones provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit residential development at varying densities. The MU-4 zone is a mixed-use zone that is intended to be applied throughout the city consistent with the density designation of the Comprehensive Plan. A zone may be applied to more than 1 density designation. The MU-4 zone is intended to: Permit moderate-density mixed-use development; Provide facilities for shopping and business needs, housing, and mixed uses for large segments of the District of Columbia outside of the central core; and be located in low- and moderate-density residential areas with access to main roadways or rapid transit stops, and include office employment centers, shopping centers, and moderate bulk mixed-use centers. If leased at $42.00/ SF NNN, the simplified Capitalization Rate would be 6% per annum.
|Price Reduced from $2,150,000 to $2,049,000||$101,000 (4.70%)|
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Listing information last updated on November 12th, 2019 at 5:30am EST.