Listed by Greysteel Company LLC, Greysteel Company LLC Washington, D.C.
$1,600,000
2116 18th Street NW
Details
APN 2554-0000-0033
Property Type Mixed Use, Multifamily
Sub Type Convenience Store, Grocery Store
Square Footage 4,400
Net Rentable (SqFt) 4,400
Units 5
Occupancy 77%
Tenancy Multi
Price per SqFt $364
Year Built 1900
Year Renovated 2006
Buildings 1
Stories 3
Lot Size (SqFt) 2,000
Zoning MU-4
Investment Type Value Add
Ownership Fee Simple
Mixed Use | 77% occupied & can be delivered 50% occupied for an Owner/User looking to occupy retail
Investment highlights
Mixed-use building on the 2100 block of 18th Street NW in Adams Morgan with a blend of apartments, office, and retail.
Opportunity for new owner to add value by leasing the 2nd floor office unit or converting it to residential.
Lower Level space is occupied by a long-term retail tenant in year 7 of a 10-year lease with two 5-year options.
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.
Listing Contacts
Listed by Greysteel Company LLC, Greysteel Company LLC Washington, D.C.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
