1801 Monroe StWashington, DC 20018

Property Details for 1801 Monroe St

Year built

1928

Construction

BRICK

Lot size

0.13 AC

Property size (Sq ft)

4,131 SF

Zone code

MU-3A

Property type

Retail properties

Property subtype

Retail space

APN

4204 0084

APU

42040084

Description

Claggion's Corner offers a unique opportunity to lease prime retail or medical office space in the heart of Brookland. This 5,809 square foot building, constructed in 1928 and extensively renovated in 2019, boasts a charming historic character perfectly blended with modern amenities. Currently, 1,050 square feet of ground-floor space is available for lease, ideal for a variety of uses. The space features large bay windows, high ceilings, and fully finished interiors, ready for immediate occupancy. Located at the highly visible corner of two main roads, this single-story building benefits from excellent street visibility and pedestrian traffic. The property's location near Catholic University and its proximity to wide sidewalks and bike stations create a vibrant and attractive environment. The MU-3A zoning allows for diverse commercial uses. While there are no on-site parking spaces, the convenient location offers easy access to public transportation and alternative commuting options. The building comprises five suites in total, with a minimum divisible space of 1,050 square feet and a maximum contiguous space of 1,050 square feet. This exceptional opportunity is situated in a submarket with limited retail availability, making it an ideal location for businesses seeking high visibility and a strong presence in the thriving Brookland community. The cross street is 18th Street. This is a Class B property.

• CAP approach

  CAP return

  Valuation

  6%

  $981,474

  6.5%

  $905,976

  7%

  $841,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $608,119

  Geo Method

  $1,738,594

• Alternative Use

  Use

  Valuation

  Residential

  $764,225

  Hospitality

  $700,026

  Educational

  $582,413

  Medical

  $602,443

  Retail

  $905,976

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9329

Longitude

-76.9793

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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