4422 Connecticut AveWashington, DC 20008

  • Drive through restaurants
  • 5,004 SF
For Sale
$6,750,000 View listing

Property Details for 4422 Connecticut Ave

Year built
1980
Construction
BRICK
Lot size
0.24 AC
Property size (Sq ft)
5,004 SF
Zone code
MU-7B
Property type
Drive through restaurants
APN
1971 0029
APU
19710029

Description

This exceptional investment opportunity encompasses two parcels totaling 19,670 square feet in Washington, D.C.'s vibrant Van Ness neighborhood. The main parcel, 4422 Connecticut Avenue NW, features a 10,570-square-foot lot zoned MU-7B, allowing for a substantial mixed-use/multifamily development with a floor area ratio (FAR) of almost 55,000 square feet. The existing 5,004-square-foot building, previously a Burger King, presents a unique redevelopment opportunity. A second parcel, 4430 Connecticut Avenue NW, adds 9,100 square feet zoned R-1B, currently providing 15 striped parking spaces. This prime location is less than three blocks from the Van Ness-UDC Metro station and boasts convenient access to amenities including Giant Food, CVS, Gold's Gym, and numerous restaurants. The property's vacant status allows for immediate development, capitalizing on the strong condominium market with area sales exceeding $900 per square foot. The asking price for this combined property is $6,750,000. The property's APN numbers are 1971-0000-0029 and 1971-0000-0822.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,367,290
    6.5%
    $1,262,110
    7%
    $1,171,960
  • Comparable approach

    Method
    Valuation
    Relative Method
    $719,690
    Geo Method
    $869,147
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,425,480
    Mixed-Use / Specialty
    $1,272,060
    Hospitality / Lodging
    $952,089
    Office
    $1,279,560
    Institutional / Educational
    $1,327,600
    Residential Income
    $1,553,290
    Multifamily
    $1,782,810
    Automotive / Energy
    $1,137,940
    Parking / Income-Based Land
    $378,412
    Restaurant / Food Service
    $692,454
    Healthcare / Senior Housing
    $1,289,660

Location Insight

City
Washington
County
District Of Columbia
State
DC
Latitude
38.9473
Longitude
-77.0658
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$52,354
$3,103,990
$68,990
$3,172,980
-
$3,103,990
$68,990
$3,172,980

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message