128 Kennedy StWashington, DC 20011
- Retail space
- 10,193 SF
Property Details for 128 Kennedy St
- Year built
- 1948
- Construction
- BRICK
- Lot size
- 0.44 AC
- Property size (Sq ft)
- 10,193 SF
- Zone code
- MU-4
- Property type
- Retail space
- APN
- 3391 0811
- APU
- 33910811
Description
This exceptional 10,193 square foot retail space is located at 128 Kennedy Street NW, Washington, DC 20011, within the Brightwood neighborhood. Situated on a prominent 0.44-acre corner lot at the intersection of Kennedy Street and Missouri Avenue, this single-tenant property offers significant potential for a variety of uses, including grocery, retail, daycare, or childcare facilities. The building, constructed in 1948, is a single-story structure with ample parking accommodating 14 vehicles. The entire space is currently vacant, presenting a unique opportunity for a new tenant to establish a presence in a thriving community. Previously occupied by CVS, the space became available on August 1st, 2024. The asking lease rate is $22 per square foot, NNN. This property's size, location, and ample parking make it an ideal investment for a business seeking high visibility and accessibility in a desirable Washington, D.C. neighborhood. The property's substantial lot size also allows for potential future expansion or redevelopment. This is a rare opportunity to acquire a significant retail space in a vibrant and growing area of the District.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,173,010
- 6.5%
- $2,928,933
- 7%
- $2,719,723
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,945,861
- Geo Method
- $4,289,879
-
Alternative Use
- Use
- Valuation
- Residential
- $2,470,664
- Hospitality
- $2,263,115
- Educational
- $1,882,885
- Medical
- $1,947,641
- Retail
- $2,928,933
Location Insight
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Latitude
- 38.9564
- Longitude
- -77.0131
- 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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