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701-709 Kennedy St NW

5,627 SF 100% Leased Retail Building Washington, DC 20011 $1,650,000 ($293/SF)

Storefront Properties District of Columbia Washington 701-709 Kennedy St NW, Washington, DC 20011

Investment Highlights

  • Strip of five leased retail bays located on Kennedy Street NW delivered 100% occupied with NNN leases
  • The last unit was leased in 2024 by the operator of Brightwood Pizza to reach 100% occupancy and projected NOI of $135,000 for 2025
  • Multi-tenant operation provides flexibility and limited occupancy risk compared to a single-tenant asset
  • Four of the five bays have been renovated and all are occupied by local businesses with seasoned operators
  • With the exception of unit 701, all tenants have been in place for five years or greater
  • Title is held fee-simple with common elements with apartment building governed by Reciprocal Easement Agreement (REA)

Executive Summary

100% Occupied w/ 5 Retail Bays

Attachments

701-709 Kennedy St NW_Landing Page

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,627 SF
Year Built
1927
Price
$1,650,000
Price Per SF
$293
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
MU-4
Frontage
103 FT on Kennedy St

Amenities

  • Corner Lot
  • Restaurant

Links

1 of 1
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 3153-0827 Improvements Assessment $632,070
Land Assessment $161,160 Total Assessment $793,230

PROPERTY TAXES

Parcel Number
3153-0827
Land Assessment
$161,160
Improvements Assessment
$632,070
Total Assessment
$793,230
(202) 869-1743

  • Listing ID: 33690969

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 701-709 Kennedy St NW, Washington, DC 20011

More public record information on 701-709 Kennedy St NW, Washington, DC 20011

The Retail Property at 701-709 Kennedy St NW, Washington, DC 20011 is currently available For Sale. Contact Greysteel Holdings for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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701-709 Kennedy St NW
(202) 869-1743 x

701-709 Kennedy St NW

1/5

Ian Weisz

(202) 869-1743

(202) 869-1743

Benjamin Wilson

(202) 499-4077

(202) 499-4077

John Spaller

(202) 280-2722

(202) 280-2722

Burke McLaughlin

(202) 753-0105

x337

(202) 753-0105 x337

Yassi Ghashghai

(202) 280-2722

(202) 280-2722

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