1407-1409 T St NW
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1407-1409 T St NW
6,153 SF 59% Leased Retail Building Washington, DC 20009 $5,000,000 ($813/SF)
Investment Highlights
- Owner-User Optionality with Existing Income Stream
- Long-Term Leases with Significant Term Remaining | Earliest Lease Expiration is April 2032
- Highly Amenitized Area | Situated Near Trader Joe’s, Le Diplomate, Barcelona, Soul Cycle, and Jeni’s Splendid Ice Creams
- Minimal Landlord Responsibilities | All Tenants have Urban-NNN Lease Structures
- Both Street-Level Retail Units Include Patio Space for Outdoor Seating
- Accessible by Numerous Transit Options Including 5 Metro Stations within 1 Mile of the Subject Property
Executive Summary
Feldman Ruel is pleased to offer for sale 1407-1409 T Street NW, a multi-tenant, mixed-use property located in the heart of Logan Circle just off of the 14th Street Corridor. The subject property is 59.31% leased and home to multiple retail and office tenants providing a diversified income stream with minimal landlord responsibilities due to the urban-NNN lease structures. The vacant, street-level retail unit offers the opportunity for an owner/user to establish their business while collecting income from the other tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,153 SF
Building Class
B
Year Built
2012
Price
$5,000,000
Price Per SF
$813
Percent Leased
59%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.47
Lot Size
0.10 AC
Zoning
ARTS-3 - The ARTS-3 zone is intended to permit medium-density, mixed-use development,
with a focus on employment.
Frontage
33 FT on T Street NW
Amenities
- Air Conditioning
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0205-0075 | Improvements Assessment | $2,990,050 |
Land Assessment | $2,129,950 | Total Assessment | $5,120,000 |
PROPERTY TAXES
Parcel Number
0205-0075
Land Assessment
$2,129,950
Improvements Assessment
$2,990,050
Total Assessment
$5,120,000
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1407-1409 T St NW
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