2401 M StWashington, DC 20037

Property Details for 2401 M St

Year built

1985

Construction

TILT-UP CONCRETE

Lot size

1.35 AC

Property size (Sq ft)

458,211 SF

Zone code

MU-10

Property type

Hotels

APN

0024 0870

APU

240870

Description

This exceptional retail opportunity is located within the prestigious Fairmont Washington, D.C. Georgetown Hotel. The space totals 469,317 square feet, with only 840 square feet currently vacant, offering a unique chance to establish a presence in this highly sought-after location. The property is classified as Class A, boasting modern amenities including elevators and electric power. Situated in the heart of Georgetown, this single-tenancy space benefits from the hotel's high foot traffic and proximity to upscale boutiques, renowned restaurants, and iconic landmarks. The address is conveniently located near 24th St NW, within the MU-10 zoning district. The property's APN is 0024 0870. This submarket is known for its affluent clientele and high-end retail environment, making it an ideal location for businesses seeking to capitalize on Georgetown's unique charm and strong consumer base. The Fairmont Hotel's reputation for luxury and excellence provides an unparalleled opportunity for brand association and exposure. This is a rare chance to secure retail space within one of Washington D.C.'s most iconic hotels, offering a prestigious address and exceptional visibility. Don't miss this opportunity to establish your business in the vibrant heart of Georgetown.

• CAP approach

  CAP return

  Valuation

  6%

  $98,799,000

  6.5%

  $91,199,000

  7%

  $84,684,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,046,900

  Geo Method

  $65,046,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $246,709,000

  Retail / Commercial

  $125,960,000

  Mixed-Use / Specialty

  $125,076,000

  Office

  $123,881,000

  Institutional / Educational

  $129,874,000

  Residential Income

  $151,952,000

  Multifamily

  $184,651,000

  Automotive / Energy

  $111,320,000

  Parking / Income-Based Land

  $38,844,400

  Restaurant / Food Service

  $64,126,200

  Healthcare / Senior Housing

  $128,709,000

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9058

Longitude

-77.0519

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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