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3408 Connecticut Avenue NwWashington, DC 20008MLS Number DCDC2084150

  • Price: $2,500,000
  • 28 Days on Market
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Federal 30-year interest rate: 6.6% last updated on Mar 16, 2023
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3408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 200083408 Connecticut Avenue Nw Washington DC 20008
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  • 2023Year Built
  • 1087Price Per Square Foot
  • 1Units
  • 2022Assessment Year
Commercial retail property featuring 2,300 SF on a highly visible corner lot in the wealthy Cleveland Park neighborhood of Washington, DC. The brand-new property, currently being built, will be completed at the end of September 2023. Located on the main-level unit of a building with 16-foot ceilings, this versatile property can be customized by the buyer and turned into a retail store, office space or restaurant. There is a parking space to load and unload. In addition, the property is next to the Cleveland Park Metro stop, and more developments are under way in this area. This is a low-maintenance and high income-producing investment. Nearby are numerous trendy shops, CVS, a movie theater, bars, and restaurants. Plus, this area has lots of foot traffic and vehicle traffic from affluent homeowners who live nearby. The average household income of people living within a mile of the property was $160,874 in 2022, with a median home value of $846,606 and a median age of 38. They're educated professionals, too: 82% have a bachelor's degree or advanced degree. Vehicle traffic in the area averaged 110,676 per day in 2022. It is an exciting opportunity to own your own retail for your own business or buy as an investment property in one of Washington, DC's premier neighborhoods!
Listed by Bron Davis, Long & Foster Real Estate,Inc.

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Yeonas & Shafran Real Estate, LLC

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

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Basic Information

  • Broker NameLong & Foster Real Estate, Inc.
  • List Price$2,500,000
  • MLS NumberDCDC2084150
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot1087
  • StatusACT
  • Units1

Building

  • Building Area SourceEstimated
  • Building Area Total2300
  • Construction MaterialsConcrete
  • Entry Level1
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces1
  • Year Built2023

Legal

  • PossessionImmediate, Settlement
  • Sale TypeStandard

Tax Information

  • Assessment Year2022
  • City Town Tax20608
  • City Town Tax Payment FrequencyAnnually
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount1248950
  • Tax Lot817
  • Tax Year2022
  • Taxes$20,608
  • Total Taxes Payment FrequencyAnnually

Property

  • Business TypeBig Box Retail, Hair Salon and Spa, Medical, Other/General Retail, Professional, Religious Facility, Restaurant/Bar, School, Supermarket/Grocery Store
  • New Construction YNYes
  • Property ConditionExcellent
  • Property SubTypeRetail
  • ZoningNC3

Amenities

  • Accessibility Amenities48"+ Halls, 36"+ wide Halls, Level Entry - Main, No Stairs

Other

  • Soil TypesUrban Land Not Rated

Parking

  • Assigned Parking Spaces
  • Parking TypesOn Street

Basic Information

  • Date Listed02/22/2023

Location

  • Address3408 Connecticut Avenue Nw
  • Building Number3408
  • CountyWashington
  • Cross StreetConnecticut Ave NW and Newark St NW
  • DirectionsFrom Downtown, take Connecticut Ave NW to 3408 on right
  • In City Limits YNYes
  • StateDC
  • SubdivisionCleveland Park
  • TownWashington
  • Zip20008

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemHeat Pump(s)
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available
  • Water HeaterNatural Gas
  • Water SourcePublic

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Copyright 2023 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 March 22, 2023. 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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