1730 Rhode Island AveWashington, DC 20036

Property Details for 1730 Rhode Island Ave

Year built

1966

Construction

TILT-UP CONCRETE

Lot size

0.37 AC

Property size (Sq ft)

244,818 SF

Zone code

D-6

Property type

Office properties

Property subtype

Office buildings

APN

0160 0035

APU

1600035

Description

This exceptional 12-story Class B office building, located at 1730 Rhode Island Ave NW in Washington, DC, offers a unique opportunity for businesses seeking prime office space in the nation's capital. Built in 1966 and extensively renovated in 2014, the property boasts a total of 152,477 square feet of office space, currently configured for multiple tenants. The building provides ample parking with 120 spaces available for tenants and visitors. Currently, there is approximately 150 square feet of vacant space, with the potential to accommodate up to three individual offices, each approximately 450 square feet. This presents a rare chance to secure a well-maintained, professionally designed office space in a highly desirable location. The building's central location in Washington, DC, offers easy access to major transportation routes, making it convenient for employees and clients alike. The 20036 zip code provides access to a vibrant and diverse neighborhood with numerous amenities. This is an ideal opportunity for businesses seeking a modern, functional, and conveniently located office space in the heart of Washington, DC. The asking rent is $1,000 per office per month. Don't miss this chance to establish your business in this prestigious location.

• CAP approach

  CAP return

  Valuation

  6%

  $63,268,364

  6.5%

  $58,401,568

  7%

  $54,230,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,887,056

  Geo Method

  $40,887,056

• Alternative Use

  Use

  Valuation

  Residential

  $72,417,944

  Hospitality

  $66,334,448

  Educational

  $55,189,480

  Medical

  $57,087,532

  Retail

  $85,850,304

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9059

Longitude

-77.0396

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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