1050 Connecticut AveWashington, DC 20036

  • Office properties
  • 967,088 SF
For Lease
$22.32/SF/YR View listing

Property Details for 1050 Connecticut Ave

Year built
1981
Construction
TILT-UP CONCRETE
Lot size
1.48 AC
Property size (Sq ft)
967,088 SF
Zone code
D-6
Property type
Office properties
Property subtype
Office buildings
APN
0163 0055
APU
1630055

Description

This prestigious Class A office building at 1050 Connecticut Ave NW, Washington, DC 20036, offers 32,536 square feet of versatile space. Located in the heart of the city, just three blocks from the White House and steps from Farragut North Station, this property boasts a stunning two-story atrium entrance. The building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available. Options include private, fully furnished executive offices, coworking spaces, and creative office layouts, catering to businesses of all sizes. Amenities include an on-site fitness center and proximity to numerous restaurants and retail options. The building underwent renovations in 2019 and includes elevators. This exceptional location and flexible space options make it an ideal choice for businesses seeking a thriving and convenient address in the nation's capital. The building is in District of Columbia County and offers multiple tenancy options.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $249,924,752
    6.5%
    $230,699,760
    7%
    $214,221,216
  • Comparable approach

    Method
    Valuation
    Relative Method
    $161,513,360
    Geo Method
    $161,513,360
  • Alternative Use

    Use
    Valuation
    Residential
    $286,067,712
    Hospitality
    $262,036,480
    Educational
    $218,011,280
    Medical
    $225,509,024
    Retail
    $339,128,640
1050 Connecticut Ave, Washington, District of Columbia

Location Insight

City
Washington
County
District Of Columbia
State
DC
Latitude
38.9034
Longitude
-77.0407
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
$10,224,782
$213,183,300
$333,030,620
$546,213,920
-
$213,183,300
$333,030,620
$546,213,920

FAQs

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