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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1937
Sq.Footage
6,580
5534 Connecticut Avenue, NW presents investors with an unparalleled opportunity to purchase a fully leased retail property in the highly regarded Chevy Chase neighborhood in Washington, DC. The row house style building has excellent frontage along Connecticut Avenue, just three blocks from Chevy Chase Circle and in a thriving commercial corridor. Dedicated parking is accessible in a rear lot as well as along neighborhood streets. The neighborhood is characterized by a variety of housing styles with high household incomes. The commercial uses include a vibrant mix of local and national retailers with a library, school, grocery store and other conveniences nearby. Commuting is easy with Metro Bus routes along Connecticut Avenue and the Friendship Heights Metro Station less than a mile away. Opal, the restaurant operating at 5534 Connecticut is a neighborhood gem, with a loyal following from close by as well as diners traveling from other parts of the Metro area. The restaurant has several other outposts in the area, including a restaurant Nina May in the Shaw neighborhood of DC and a new restaurant in the Chevy Chae Lake project. Opal’s lease runs through August 2032 and is a triple net lease with the tenant reimbursing the building owner for operating expenses and taxes.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street, Off Site, Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.08
-
Lot Size(square feet)
3,500
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$1,995,000
-
Tax Amount
$29,718
-
Zoning
It will allow mixed-use low-density comm & mod.-density residential uses consisting of ground-floor comm and residential above
-
Sq. Footage
6,580
-
Price/SqFt
$303
HOA
-
Association
N/A
-
Total Monthly Fees
true
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
802
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
Middle School
High School
Listing Courtesy of Katherine Anne Conley, Long & Foster Real Estate, Inc.
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Salesperson, Realtor
David Riddle
Call David today to schedule a private showing.
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