3 Washington CirWashington, DC 20037

  • Office properties
  • 4,000 SF
For Sale
$1,240,000 View listing

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
3 Washington Cir, Washington, District of Columbia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$38,781
$551,760
$1,798,600
$2,350,360
-
$551,760
$1,798,600
$2,350,360

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].