3249 M StWashington, DC 20007

Property Details for 3249 M St

Year built

1900

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

5,342 SF

Zone code

MU-4

Property type

Retail properties

Property subtype

Retail space

APN

1207 0904

APU

12070904

Description

This exceptional Georgetown retail opportunity presents 7,250 square feet of vacant space across three buildings, ideally situated at 3249 M Street NW, Washington, DC 20007. The property boasts a prime location in the vibrant Georgetown neighborhood, offering high visibility and foot traffic. The space is currently entirely vacant and available for lease, providing a unique chance to establish a flagship location or expand an existing business. The flexible layout allows for multiple configurations, with individual units ranging from a minimum of 850 square feet to a maximum contiguous space of 1,700 square feet. This allows for adaptability to suit a variety of retail or restaurant concepts. The building is five stories tall, offering potential for multiple levels of operation depending on the tenant's needs. The property is located in the District of Columbia and is categorized as commercial real estate with a multiple tenancy structure. This is an unparalleled chance to secure a prominent retail presence in one of Washington D.C.'s most sought-after locations. The address is easily accessible and benefits from excellent public transportation links and ample parking options nearby. Interested parties are encouraged to inquire for further details and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,029,385

  6.5%

  $1,873,279

  7%

  $1,739,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,248,262

  Geo Method

  $2,248,262

• Alternative Use

  Use

  Valuation

  Residential

  $1,580,181

  Hospitality

  $1,447,437

  Educational

  $1,204,250

  Medical

  $1,245,667

  Retail

  $1,873,279

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9054

Longitude

-77.0644

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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