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601 A Street NE , 7-C

WASHINGTON, DC 20002
  • $585,000
  • STATUS: Active
  • ON SITE: 60 Days
  • ID#: DCDC2114148
UPDATED: 74 min ago
$585,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2009
County:

School Ratings & Info

Description

Prime commercial property for sale in the heart of Capitol Hill! The current tenant is an extremely successful dentist operating in the space for over 10 years. This acquisition presents a great passive income opportunity for investors, or for another dental or medical professional seeking to establish or expand their practice in a thriving neighborhood. The property is under a gross lease at approximately $63/sqft, generating an annual income of $57,414.38 as of 10/01/2023, presenting an excellent cap rate of approximately 8%. This corner lot boasts exceptional visibility into the first floor - a key feature for attracting new clients to the business. Easy street parking and proximity to Eastern Market Metro make this property even more compelling. Don't miss out on the chance to own a commercial space in one of the District+GGs most sought-after areas. Reach out today to schedule a showing!

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-02T08:55:50.003.
www.jessyoungrealestate.com/homes/143992978
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601 A Street NE , 7-C WASHINGTON, DC 20002

  • Price: $585,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 74 min ago
  • ID#: DCDC2114148
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2009
Built
Neighborhood:
Capitol Hill
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Prime commercial property for sale in the heart of Capitol Hill! The current tenant is an extremely successful dentist operating in the space for over 10 years. This acquisition presents a great passive income opportunity for investors, or for another dental or medical professional seeking to establish or expand their practice in a thriving neighborhood. The property is under a gross lease at approximately $63/sqft, generating an annual income of $57,414.38 as of 10/01/2023, presenting an excellent cap rate of approximately 8%. This corner lot boasts exceptional visibility into the first floor - a key feature for attracting new clients to the business. Easy street parking and proximity to Eastern Market Metro make this property even more compelling. Don't miss out on the chance to own a commercial space in one of the District+GGs most sought-after areas. Reach out today to schedule a showing!
Exterior Features

Construction Materials Other Garage YN No Parking Types On Street Riparian Rights YN No Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 914.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 914.00

Property Features

Accessibility Features Level Entry - MainNo Stairs Assessment Year 2022 Business Type MedicalProfessional Central Air YN Yes Cooling Fuel Electric Gross Income 57414.38 Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 802647728328 Ownership Interest Condominium Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 6989.00 Tax Assessment Amount 437310.00 Tax Lot 2012 Vacation Rental YN No Water Source Public Zoning Rf-1

Listing courtesy of Compass: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-02T08:55:50.003.
 
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