Washington, DC 20009,2406, 2408, 2410 18TH ST NW
Washington, DC 20009,2406, 2408, 2410 18TH ST NW
Washington, DC 20009,2406, 2408, 2410 18TH ST NW
$4,260,000
Est. payment /mo
$4,100,000
3.9%
Est.Price: ?

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14,641 SqFt
SOLD DATE : 07/26/2023

Key Details

Sold Price $4,260,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 14,641 sqft

Price per Sqft $290

Subdivision Adams Morgan

MLS Listing ID DCDC2079816

Sold Date 07/26/23

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $61,930

Tax Year 2022

Lot Size 4,113 Sqft

Acres 0.09

Property Description

Excellent investment opportunity to purchase three adjacent three-story, mixed-use buildings in Adams Morgan! This outstanding location fronts directly to 18th Street among a wide variety of restaurants, bars, and retail shops! The property consists of commercial spaces at street level and six residential apartments on the second and third floors. The retail spaces offer window frontage to 18th Street and range between 1,900 and 2,100 square feet. The residential unit mix is comprised of three 2-bedroom units (average 900 sq ft each) and three 3-bedroom units (average 1,050 sq ft each). All three buildings are offered for sale together as a single portfolio and not individually. In total, the buildings contain 14,641 square feet according to the tax records, with 11,920 square feet of usable building area on a 4,113 sq ft parcel.

The properties are being sold subject to the terms of the pending offer detailed in the Sale Motion. Each bidder is bidding based on the terms and conditions set forth in the Sale Motion with the next highest acceptable bid being $4,100,000. All sales are subject to the approval of the US Bankruptcy Court.

The location is within walking distance of Kalorama Park, with the larger Walter Pierce Park and Meridian Hill Parks just a few blocks further away. There's multifamily across the street and elsewhere in the neighborhood. Neighboring businesses include Capital Blossom Day Spa, The Game sports pub, Rise Bakery, Mediterranean Spot, Amerstdam Falafal, Los Cuates Cantina, Isshin Asian Bistro, and many more.

The property is situated in a MU-5A zone. The MU-5 zones are intended for medium-density, compact mixed-use development with an emphasis on residential uses, and to provide facilities for shopping and business needs, housing, and mixed-uses for large segments of the District of Columbia outside of the central core. The land uses in the MU-5A zone permits multifamily, office, retail, and arts uses as of right, and are typically located on arterial streets, in uptown and regional centers, and at rapid transit stops.

All sales are subject to US Bankruptcy Court approval.

Location

State DC

County Washington

Zoning MU-5A

Interior

Hot Water Electric

Heating Baseboard - Hot Water

Cooling Ceiling Fan(s), Central A/C

Heat Source Electric

Exterior

Utilities Available Electric Available, Cable TV, Natural Gas Available, Sewer Available, Water Available

Water Access N

View City, Street

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Oyster-Adams Bilingual School

Middle Schools Oyster-Adams Bilingual School

High Schools Jackson-Reed

School District District Of Columbia Public Schools

Others

Tax ID 2551//0035, 2551//0036, 2551//0037

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Third Party Approval, Bankruptcy

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Bright MLS (BMLS)
Listed by Stephen M Karbelk • CENTURY 21 Commercial New Millennium
Bought with NON MEMBER • Non Subscribing Office

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