1716 Rhode Island AveWashington, DC 20018

Property Details for 1716 Rhode Island Ave

Year built

1937

Construction

BRICK

Lot size

0.17 AC

Property size (Sq ft)

850 SF

Zone code

MU-4

Property type

Retail properties

Property subtype

Retail space

APN

4134 0801

APU

41340801

Description

This exceptional 0.17-acre commercial land parcel presents a unique investment opportunity in Washington, DC's vibrant Brookland neighborhood. Situated at 1716 Rhode Island Ave NE, this property boasts a highly visible location on a heavily trafficked thoroughfare, ideal for businesses seeking maximum exposure. The lot is conveniently located in the Brookland submarket, known for its charming atmosphere, historic sites, and proximity to the Catholic University of America and the Basilica of the National Shrine of the Immaculate Conception. The property includes an existing 878 square foot freestanding retail building, offering potential for immediate use or redevelopment. Its paved and fenced layout provides a secure and easily adaptable space for a variety of outdoor business concepts, such as a beer garden or similar ventures. Excellent transportation options are readily available, with the Brookland-CUA Metro Station and major roadways like Michigan Avenue and Rhode Island Avenue providing easy access to downtown DC and beyond. The surrounding area features a mix of residential and commercial properties, including the Monroe Street Market, offering a diverse range of amenities and attracting a substantial customer base. This property offers a rare chance to establish a thriving business in a sought-after location within the District of Columbia. The single-tenant zoning allows for focused development and streamlined operations. This is an exceptional opportunity to capitalize on the growing popularity and strong economic activity of the Brookland area.

• CAP approach

  CAP return

  Valuation

  6%

  $201,949

  6.5%

  $186,415

  7%

  $173,099

• Comparable approach

  Method

  Valuation

  Relative Method

  $125,127

  Geo Method

  $357,735

• Alternative Use

  Use

  Valuation

  Residential

  $157,248

  Hospitality

  $144,038

  Educational

  $119,838

  Medical

  $123,960

  Retail

  $186,415

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9276

Longitude

-76.9801

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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