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- Home Value
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
1,761
Located directly across from CVS Pharmacy and benefiting from approximately 16,990 cars per day plus exceptional pedestrian traffic, this prominently positioned commercial property offers a rare owner-user or investment opportunity along one of Washington’s most active retail corridors. Recently “gutted” and expanded to approximately 1,761 SF on two levels, the property is currently operated as a fine Italian shoe store under an existing Certificate of Occupancy. Meticulously renovated in 2022-2023 with exceptional attention to detail, virtually every component of the building was rebuilt, including joists, exterior walls, staircases, flooring, lighting, electrical, mechanical systems, plumbing, drywall, roof, and windows. The property is ideally suited for an owner-occupant seeking a highly visible presence in a premier urban location. MU-4 zoning permits a broad range of retail, medical, office, and service-oriented uses. Conveniently located near the Georgetown Waterfront, Francis Scott Key Bridge, Interstate 66, and major commuter routes, the property is surrounded by established restaurants, medical uses, salons, technology retailers, and boutique clothiers. The existing owner desires a rent-back arrangement and will lease the property for $10,000 per month NNN for two months following a six-month delayed settlement, allowing time to liquidate inventory. Owner may conduct a 1031- Exchange.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Ductless, Electric
-
Heating YN
YES
-
Heating
Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1093.0
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$2,300,000
-
Tax Amount
$12,028
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
836
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
Middle School
High School
Listing Courtesy of Joseph G Zorc , Coldwell Banker Realty - Washington
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