SOLD
$984,500
Sold Date 11/22/2022
4400 MACARTHUR BLVD NW #101
Washington, DC 20007
N/A
Acres Lot
Office
61 days on Nestfully
15 views
Commercial Condo with flexible zoning and condo permitted usesOpportunity to occupy as owner or lease as investor Solid investment income with local, historically stable tenancy and low vacancy, and strong historical rent growthThe property is vacant and can be immediately occupied or leased upon saleThe property is located within the Palisades, one of Washington, DC's most desirable neighborhoods with rich history and attractive architecture, and close to Georgetown and Reagan AirportThe property’s proximity to Washington, DC, Northern VA and Bethesda, MD as well as the vehicular corridors of I-495, I-270, and Canal Road.Property has excellent visibility and exposure along the MacArthur Blvd corridor The property’s proximity to retail, food, restaurants, and other amenities for employeesThe property has MU-3A Zoning, therefore it enjoys great flexibility and can be permitted by mater of right many uses, including office, medical, daytime care, schools and othersThe property has six (6) parking on site that convey and additional free parking behind the bldg. and on the streetThe property can be easily self-managed and has no operating expensesThe property is set in a tranquil and quiet environment and backs up to the Old Trolley Line Hiking Trail. The C&O Canal and Potomac River are steps awayThe building has ample restrooms and multi-zoned HVAC for each leasable space.Current private office setup with flexible floor plan attractive to both owner occupants and investorsThe property’s garage has easy ingress and egress for vehicles The garage is sprinklered for fire suppressionThe supply for this type of property, and the availability to purchase them, is very limitedHigh barrier to entry in this neighborhood for any commercial propertiesSolar panels on roof as common element for cost reduction of electricity costs
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