1389 Quincy St NW
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1389 Quincy St NW
2,300 SF Retail Building Washington, DC 20011 $1,450,000 ($630/SF) 5.38% Cap Rate
Executive Summary
Arlington Realty, Inc. / Virginia Smith as exclusive agent, is pleased to offer the opportunity to acquire a prime mixed-use building in the heart of the sought after Petworth neighborhood, along the busy retail-commercial corridor of 14th St. NW. Corner lot with frontage on 14th St. NW and on Quincy St. NW. Built out for restaurant / carry out on the first floor with a large outdoor patio dining space. Above the restaurant on the 2nd and 3rd levels are two 1 br. / 1 ba. apartments, including a large deck off the rear of the 2nd level . Tax record indicates 2,019 SF, but seller estimates approx. 2,300 SF. Zoned MU-4. There could be potential to add another level: max. building height = 50 ft.; max FAR = 2.5 (residential) or 1.5 (non-residential). Leases are month-to-month, so property could be delivered vacant, or the new owner can renegotiate the leases. Excellent location with heavy foot and vehicle traffic, surround by shops, cafes, pubs, restaurants, and residential. Approx. 4 blocks to the Georgia Ave.-Petworth Metro station and 6 blocks to Columbia Heights Metro.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,300 SF
Building Class
C
Year Built
1907
Price
$1,450,000
Price Per SF
$630
Cap Rate
5.38%
NOI
$78,010
Tenancy
Single
Building Height
3 Stories
Building FAR
1.60
Land Acres
0.03 AC
Zoning
MU-4 - Mixed-Use
Frontage
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 2825-0033 | Improvements Assessment | $554,830 |
Land Assessment | $253,350 | Total Assessment | $808,180 |
PROPERTY TAXES
Parcel Number
2825-0033
Land Assessment
$253,350
Improvements Assessment
$554,830
Total Assessment
$808,180
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1389 Quincy St NW
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