322 4Th StWashington, DC 20002

Property Details for 322 4Th St

Year built

1900

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

3,426 SF

Zone code

MU-24

Property type

Office properties

Property subtype

Office buildings

APN

0781 0026

APU

7810026

Description

This exceptional 3,426 square foot mixed-use commercial property, located at 322 4th Street NE in Washington, DC, presents a unique investment opportunity. Situated on a 0.06-acre lot in the highly desirable MU4 zone, this fully renovated (2020) three-level building offers unparalleled convenience and a prime location. Just steps from Union Station, Stanton Park, and major government agencies, the property benefits from its proximity to a thriving business community of think tanks, lobbying firms, and corporate offices. The interior boasts a sleek, modern design, featuring a blend of private offices, collaborative co-working areas, and open plan spaces to cater to diverse business needs. Amenities include a spacious conference room with a convenient kitchenette, multiple bathrooms (one with a walk-in shower), and a cleverly concealed utility and telecoms room accessed via a sliding door. An added benefit is a private outdoor backyard patio complete with comfortable bench seating and a fireplace, ideal for client entertainment or employee breaks. The property's location within half a mile of Union Station provides easy access to a wealth of restaurants, cafes, and all the amenities Washington, DC has to offer. Currently configured as a corporate office, this versatile space is adaptable to a variety of business uses, making it an exceptional investment in a premier location. The asking price is $5,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $885,382

  6.5%

  $817,276

  7%

  $758,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $572,176

  Geo Method

  $572,176

• Alternative Use

  Use

  Valuation

  Residential

  $1,013,422

  Hospitality

  $928,289

  Educational

  $772,325

  Medical

  $798,887

  Retail

  $1,201,395

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8946

Longitude

-77.0008

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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