2208 Naylor RdWashington, DC 20020

Property Details for 2208 Naylor Rd

Year built

1932

Construction

BRICK

Lot size

0.02 AC

Property size (Sq ft)

1,584 SF

Zone code

MU-4

Property type

Retail space

APN

5576 0803

APU

55760803

Description

This exceptional mixed-use property at 2208 Naylor Road SE, Washington, DC presents a unique investment opportunity. The 1,584 square foot building sits on a 0.02-acre lot and is currently configured as a ground-floor beauty salon with a spacious two-bedroom, one-bathroom apartment featuring a den located on the upper level. The versatile layout allows for a variety of business uses, making it ideal for an owner-operator or an investor seeking rental income. The property's location within a rapidly developing area of Washington, DC offers significant potential for future appreciation. This is a prime opportunity to capitalize on the growth of the Southeast DC market. Furthermore, this property is eligible for the Commercial Property Acquisition Fund, a program offering down payment assistance of up to $750,000 or 25% of the purchase price, whichever is less, to qualified businesses acquiring commercial property in the District. This substantial financial incentive significantly reduces the initial investment required, making this property even more attractive. The asking price for this promising mixed-use building is $750,000. Don't miss this chance to own a piece of Washington, DC's vibrant future. Contact us today to schedule a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $601,750

  6.5%

  $555,461

  7%

  $515,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $666,650

  Geo Method

  $666,650

• Alternative Use

  Use

  Valuation

  Residential

  $468,552

  Hospitality

  $429,191

  Educational

  $357,082

  Medical

  $369,363

  Retail

  $555,461

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8712

Longitude

-76.9745

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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