1063 Wisconsin AveWashington, DC 20007
- Warehouses
- 5,456 SF
Property Details for 1063 Wisconsin Ave
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 5,456 SF
- Zone code
- MU-12
- Property type
- Warehouses
- APN
- 1199 0061
- APU
- 11990061
Description
This exceptional retail space, located at 1063 Wisconsin Avenue NW in Washington, DC, 20007, offers a unique opportunity for businesses seeking a prominent location in a vibrant urban setting. The property is a single-tenant building encompassing a total of 8,192 square feet, with 1,572 square feet currently available for lease. This space presents a blank canvas for a variety of retail concepts, benefiting from high visibility and foot traffic along Wisconsin Avenue. The building boasts ample parking, with a total of 1,443 spaces available for tenants and customers. The property's address is conveniently situated in the heart of Washington, DC, providing easy access to public transportation, major roadways, and a diverse customer base. This is an ideal location for businesses seeking to establish a strong presence in a high-demand area. The property is classified as commercial retail and is designated as multi-tenant, although currently only one suite is available. The property's prime location and substantial parking make it an attractive option for businesses seeking to maximize their reach and convenience for customers. This is a rare opportunity to secure a significant retail space in a highly desirable area of Washington, DC. Interested parties are encouraged to inquire promptly.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,182,400
- 6.5%
- $2,937,600
- 7%
- $2,727,770
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,457,930
- Geo Method
- $1,457,930
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $1,499,820
- Mixed-Use / Specialty
- $1,489,310
- Hospitality / Lodging
- $1,085,920
- Office
- $1,475,070
- Institutional / Educational
- $1,546,430
- Residential Income
- $1,809,320
- Multifamily
- $2,198,680
- Automotive / Energy
- $1,325,510
- Parking / Income-Based Land
- $462,527
- Restaurant / Food Service
- $763,562
- Healthcare / Senior Housing
- $1,532,560
Location Insight
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Latitude
- 38.9045
- Longitude
- -77.0621
- 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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- Please email our support team at [email protected] and they will add the team member.
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