3 Washington CirWashington, DC 20037
- Office properties
- 4,000 SF
Property Details for 3 Washington Cir
- Year built
- 1981
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.02 AC
- Property size (Sq ft)
- 4,000 SF
- Zone code
- RA4
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 0038 2160
- APU
- 382160
Description
This exceptional Class A medical office space, located at 3 Washington Circle Northwest - Unit G1 in Washington, DC's Foggy Bottom submarket, presents a unique investment opportunity. The 5,000 square foot building, constructed in 1981 and extensively renovated in 2016, boasts a desirable RA-4 zoning classification. Currently, 3,800 square feet are available for lease, previously configured as a state-of-the-art dental suite. This expansive space includes seven dental chairs, a reception area, a dedicated X-ray room, a bathroom, and a well-equipped kitchen. An additional 1,200 square feet is currently occupied by a chiropractic practice, featuring three treatment rooms, a restroom, ample storage, and a spacious waiting area. The building's prime location directly across from George Washington University Hospital ensures high visibility and convenient access to a large patient base. This property offers a rare chance to acquire a well-maintained, modern medical office space in a highly sought-after location within the District of Columbia county, zip code 20037. The building's multiple tenancy structure provides flexibility for various medical practices. This is an ideal opportunity for expansion or establishment of a thriving medical business in a vibrant and convenient urban setting.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,033,721
- 6.5%
- $954,204
- 7%
- $886,046
-
Comparable approach
- Method
- Valuation
- Relative Method
- $668,040
- Geo Method
- $668,040
-
Alternative Use
- Use
- Valuation
- Residential
- $1,183,213
- Hospitality
- $1,083,816
- Educational
- $901,723
- Medical
- $932,734
- Retail
- $1,402,680
Location Insight
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Latitude
- 38.9032
- Longitude
- -77.0506
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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