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2116 18th St NW 4,400 sq ft 77% Let Retail Property Washington, DC 20009 £1,211,846 (£275.42/sq ft)
Investment Highlights
- Mixed-use building on the 2100 block of 18th Street NW in Adams Morgan with a blend of apartments, office, and retail
- Lower Level space is occupied by a long-term retail tenant in year 7 of a 10-year lease with two 5-year options
- Opportunity for new owner to add value by leasing the 2nd floor office unit or converting it to residential.
- Grocery store on the first level is paying market rent but is on a month-to-month lease and could be vacated for an owner/user or new tenant
Executive Summary
Mixed-use building on the 2100 block of 18th Street NW in Adams Morgan
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
4,400 sq ft
Costar Property Class
C
Year Built
1900
Price
£1,211,846
Price per sq ft
£275.42
Occupancy Rate
77%
Tenancy
Multiple
Number of Floors
3
Plot ratio
2.02
Total Plot Size
0.05 ac
Use Class
MU-4 - mixed-use areas that permit a range of uses including commercial and residential development at moderate densities
Frontage
20 ft on 18th St NW
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Nearby Major Retailers
1 of 5
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2116 18th St NW
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