406 5Th StWashington, DC 20001
- Office properties
- 4,672 SF
Property Details for 406 5Th St
- Year built
- 1935
- Construction
- BRICK
- Lot size
- 0.04 AC
- Property size (Sq ft)
- 4,672 SF
- Zone code
- D-2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 0489 0819
- APU
- 4890819
Description
This exceptional property at 406 5th St NW, Washington, DC 20001, offers three available executive office suites in a historic building. The building, constructed in 1875, boasts a total of 3,525 square feet, with flexible space options ranging from a minimum of 890 square feet to a maximum contiguous space of 1,314 square feet. Currently, 4,504 square feet are vacant, presenting a unique opportunity for businesses seeking a prestigious location. The property is zoned D-2 and sits on a 0.04-acre lot. Its prime location provides convenient access to the District of Columbia Court of Appeals, making it particularly attractive to law firms and other professional organizations. The multiple tenancy structure allows for flexibility in lease terms and space configurations. The building's character and proximity to the courthouse create an ideal setting for businesses seeking a blend of historical charm and modern convenience. This is a rare opportunity to secure high-quality office space in a highly desirable location within the District of Columbia. The address is 406 5th St NW, Washington, DC. Inquire today to learn more about leasing options and explore the potential of this unique property.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,207,386
- 6.5%
- $1,114,510
- 7%
- $1,034,902
-
Comparable approach
- Method
- Valuation
- Relative Method
- $780,271
- Geo Method
- $780,271
-
Alternative Use
- Use
- Valuation
- Residential
- $1,381,992
- Hospitality
- $1,265,898
- Educational
- $1,053,212
- Medical
- $1,089,434
- Retail
- $1,638,330
Location Insight
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Latitude
- 38.8951
- Longitude
- -77.0192
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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