Bennett Beauty Institute 700 Monroe St NE

Bennett Beauty Institute at 700 Monroe Street Northeast offers a rare opportunity in the thriving Brookland neighborhood in Washington D.C. This 19,279 square foot, three-story office is a timeless brick structure zoned MU-3A as is without a variance. Situated amongst some of the most recent Brookland redevelopments, 700 Monroe Street Northeast is the last parcel in Brookland for major redevelopment. Recent redevelopment projects within a one-block radius have produced several six-level buildings with the largest featuring 310 rental units with ground-floor retail and restaurants.
Just a two-minute walk from 700 Monroe Street NE is the Brookland-CUA Metro Station, where you can quickly get to other DC hot spots like Union Market, Dupont Circle, West End, Nationals Park, Georgetown, and the Southwest Waterfront. In approximately a nine-minute drive to Union Station, you will find Amtrak, MARC & VRE commuter trains. Within an 18-minute drive, you can reach Reagan National Airport and Amazon's second headquarters. Brookland is a walkable neighborhood with nearby retail, restaurants, and prestigious school grounds such as Trinity Washington University, and the Catholic University of America.
The Brookland submarket having a smaller town neighborhood vibe close to Downtown D.C. has been experiencing a massive influx of development over the last decade. Notable projects such as the Monroe Street Market (three separate and distinct buildings), Brookland Artspace Lofts, Hanover 8th, and RIA development on Rhode Island Avenue makes this is a highly sought-after area for redevelopment. Commitments from multiple universities to bolster the technology pipeline will keep existing companies, while also attracting new businesses to the region, along with the continued generation of the local economy. Washington D.C. and the surrounding metro area benefit from an economy anchored by the presence of the federal government, and the blossoming biotechnology sector in Maryland and cloud software sector in northern Virginia that could drive occupancy higher in the near term.