2406, 2408, 2410 18TH STREET NW
WASHINGTON, DC 20009
MLS#: DCDC2079816
$4,100,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
14,641
Excellent investment opportunity to purchase three adjacent three-story, mixed-use buildings in Adams Morgan! This outstanding location fronts directly to 18th Street among a wide variety of restaurants, bars, and retail shops! The property consists of commercial spaces at street level and six residential apartments on the second and third floors. The retail spaces offer window frontage to 18th Street and range between 1,900 and 2,100 square feet. The residential unit mix is comprised of three 2-bedroom units (average 900 sq ft each) and three 3-bedroom units (average 1,050 sq ft each). All three buildings are offered for sale together as a single portfolio and not individually. In total, the buildings contain 14,641 square feet according to the tax records, with 11,920 square feet of usable building area on a 4,113 sq ft parcel. The properties are being sold subject to the terms of the pending offer detailed in the Sale Motion. Each bidder is bidding based on the terms and conditions set forth in the Sale Motion with the next highest acceptable bid being $4,100,000. All sales are subject to the approval of the US Bankruptcy Court. The location is within walking distance of Kalorama Park, with the larger Walter Pierce Park and Meridian Hill Parks just a few blocks further away. There’s multifamily across the street and elsewhere in the neighborhood. Neighboring businesses include Capital Blossom Day Spa, The Game sports pub, Rise Bakery, Mediterranean Spot, Amerstdam Falafal, Los Cuates Cantina, Isshin Asian Bistro, and many more. The property is situated in a MU-5A zone. The MU-5 zones are intended for medium-density, compact mixed-use development with an emphasis on residential uses, and to provide facilities for shopping and business needs, housing, and mixed-uses for large segments of the District of Columbia outside of the central core. The land uses in the MU-5A zone permits multifamily, office, retail, and arts uses as of right, and are typically located on arterial streets, in uptown and regional centers, and at rapid transit stops. All sales are subject to US Bankruptcy Court approval.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s)
-
Heating YN
YES
-
Heating
Baseboard, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
-
View
City, Street
Area & Lot
-
Lot Size(acres)
0.09
-
Lot Size(square feet)
4113.0
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$4,100,000
-
Tax Amount
$61,930
-
Zoning
Multifamily, office, retail, and arts. Typically located on arterial streets, in uptown and regional centers, near rapid transit
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
OYSTER-ADAMS BILINGUAL SCHOOL
-
Middle School
OYSTER-ADAMS BILINGUAL SCHOOL
-
High School
JACKSON-REED
Property Features
-
Stories
3
-
Sewer
Public Sewer
-
Tax Lot
35, 36, 37
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
OYSTER-ADAMS BILINGUAL SCHOOL
Middle School
OYSTER-ADAMS BILINGUAL SCHOOL
High School
JACKSON-REED
Listing Courtesy of Stephen M Karbelk , CENTURY 21 Commercial New Millennium
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