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2308 Rhode Island Avenue NEWashington, DC 20018MLS Number DCDC2041132

  • Price: $925,000
  • 194 Days on Market
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Federal 30-year interest rate: 6.7% last updated on Sep 29, 2022
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2308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 200182308 Rhode Island Avenue NE Washington DC 20018
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  • 0.05Acreage
  • 1929Year Built
  • DowntownLocationType
  • 210Price Per Square Foot
Priced to sell ahead of the Federal Reserve Board meeting. Welcome to the Rhode Island Ave business corridor. The building is 4400 Sq Ft. Zoned MU-4 with an open-concept in the heart of the Woodridge neighborhood. Bring your vision and your best offer. The property is being sold as- is. The property is fully marketable with a 2.5 FAR (3.0 IZ), the asset sits on a lot roughly 2200 Sq Ft. Rental income for the asset on average is $35/per sq foot trading on average at a 7.0% CAP rate. Please bring your vision and your best and final offer. Seller will review and accept offers as they are presented.
Listed by david Keas and paul jackson, G&G Group LLC

Driving Directions

Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Basic Information

  • Broker NameG&G Group LLC
  • List Price$925,000
  • LocationTypeDowntown
  • MLS NumberDCDC2041132
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot210
  • Security Features24 hour security
  • StatusACT

Building

  • Building Area SourceEstimated
  • Building Area Total4400
  • Construction MaterialsBrick
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces1
  • Year Built1929
  • Year Built Effective2021

Tax Information

  • Assessment Year2020
  • City Town Tax7953
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount477910
  • Tax Lot18
  • Tax Year2020
  • Taxes$7,953
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.05
  • Business TypeWarehouse, Other
  • Lot Size SourceEstimated
  • Lot Size Square Feet2,247
  • Property ConditionAverage
  • Property SubTypeMixed Use
  • ZoningMU4

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemCentral
  • Heating FuelElectric
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

Parking

  • Assigned Parking Spaces
  • Parking TypesOn Street

Basic Information

Location

  • Address2308 Rhode Island Avenue NE
  • Building Number2308
  • CountyWashington
  • Cross StreetSouth Dakota Ave NE & Rhode Island Ave NE
  • DirectionsGoogle Maps, Waze, Ect.
  • In City Limits YNYes
  • StateDC
  • SubdivisionWoodridge
  • TownWashington
  • Zip20018

Other

  • Cap Rate6
  • Gross Scheduled Income72000
  • Operating Expense14400
  • Operating Expense IncludesElectric, Insurance, Management Fees, Pest Control, Repair/Maintenance, Trash
  • Soil TypesUnknown

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Copyright 2022 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 4, 2022. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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