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19572727
19572728

1658 33rd St NW, Washington, DC 20007

TW
MD md639378
Terring Wang Group
Listed by Terring Wang Group
$1,580,900
643 days on market
Updated 83 days ago

Coco Spa - 1658 33rd St NW, Washington, DC 20007

Details
APN 1290-0237
Property Type Mixed Use, Retail
Sub Type Storefront
Square Footage 2,924
Units 2
Occupancy 100%
Tenancy Multi
Brand/Tenant Coco Spa
Lease Type NNN
Price per SqFt $541
Class C
Year Built 1917
Year Renovated 2011
Buildings 1
Stories 3
Acreage 0.020
Zoning MU-4
Investment Type Net Lease

Mixed Use | 2,924 SF

Marketing description

This 2924 SF mixed-use property, located in the heart of Georgetown, offers exceptional investment potential. The property spans three floors and includes a ground-floor retail space, currently leased to the well-regarded Coco Spa through November 30th, 2024, ensuring a stable and reliable rental income stream. The upper floors house an upscale, meticulously maintained residential apartment, ideal for attracting high-quality tenants.


Recent property enhancements further boost its value and appeal. Investors can expect immediate rental returns with the retail space already leased and the residential unit in prime condition. The property is situated in Georgetown's robust rental market, offering significant potential for long-term value appreciation. Georgetown's desirable location ensures consistent demand, making this a unique and lucrative investment opportunity. Seize the chance to invest in this prime Georgetown property, combining immediate rental income with the promise of future growth in one of Washington DC's most vibrant neighborhoods.

Investment highlights

- 2,924 SF mixed-use property featuring ground-floor retail space and upscale residential units on the upper level.

- Excellent access and visibility (to Wisconsin Ave and Reservoir Rd)

- Ground floor retail space & lower level recently occupied by Coco Spa; the top level currently is occupied as 1 bedroom condo with 1 full bath and laundry

- Close proximity to Georgetown University, Corcoran College of Art & Design, American University, and George Washington University

Listing Contacts

TW
MD md639378
Terring Wang Group
Listed by Terring Wang Group

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