317 Pennsylvania AveWashington, DC 20003

Property Details for 317 Pennsylvania Ave

Year built

1900

Construction

BRICK

Lot size

0.07 AC

Property size (Sq ft)

6,468 SF

Zone code

MU-26

Property type

Retail space

APN

0790 0819

APU

7900819

Description

This exceptional 4,000 square foot medical office building is located at 317 Pennsylvania Avenue SE in Washington, DC's vibrant Capitol Hill neighborhood. The property offers a single-tenant occupancy opportunity within a rapidly evolving area experiencing significant revitalization. The building's entire 4,000 square feet is currently vacant, presenting a unique chance for a medical practice to establish a prominent presence. The address is highly visible and easily accessible, situated in a transit-oriented location. Residents and employees enjoy convenient access to a variety of dining, entertainment, and transportation options, including nearby metro, bus, and bikeshare stations. The surrounding area is undergoing substantial redevelopment, with numerous high-end, mixed-use projects transforming the landscape. This presents a compelling investment opportunity in a dynamic and desirable location within Washington, DC. The property is located in Washington County, District of Columbia, and has a zip code of 20003. The building's size and location make it ideal for a variety of medical practices seeking a high-profile space in a thriving urban setting. This is a rare opportunity to secure a significant footprint in a rapidly appreciating area of the nation's capital. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,457,144

  6.5%

  $2,268,133

  7%

  $2,106,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,722,156

  Geo Method

  $2,722,156

• Alternative Use

  Use

  Valuation

  Residential

  $1,913,255

  Hospitality

  $1,752,531

  Educational

  $1,458,086

  Medical

  $1,508,231

  Retail

  $2,268,133

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8865

Longitude

-77.0015

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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