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2308 RHODE ISLAND AVE NE Washington, DC 20018
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Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $204
Subdivision Woodridge
MLS Listing ID DCDC2041132
Sold Date 12/01/22
Originating Board BRIGHT
Year Built 1929
Annual Tax Amount $7,953
Tax Year 2020
Lot Size 2,247 Sqft
Acres 0.05
Property Description
Priced to sell ahead of the Federal Reserve Board meeting. Welcome to the Rhode Island Ave business corridor. The building is 4400 Sq Ft. Zoned MU-4 with an open-concept in the heart of the Woodridge neighborhood. Bring your vision and your best offer. The property is being sold as- is. The property is fully marketable with a 2.5 FAR (3.0 IZ), the asset sits on a lot roughly 2200 Sq Ft. Rental income for the asset on average is $35/per sq foot trading on average at a 7.0% CAP rate. Please bring your vision and your best and final offer. Seller will review and accept offers as they are presented.
Location
State DC
County Washington
Zoning MU4
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 1.0
Water Access N
View Street
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4248//0018
Ownership Fee Simple
SqFt Source Estimated
Security Features 24 hour security
Acceptable Financing Conventional, Cash, FHA 203(b), FHA
Listing Terms Conventional, Cash, FHA 203(b), FHA
Financing Conventional,Cash,FHA 203(b),FHA
Special Listing Condition Standard
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Bought with Jon F Malcolm • Keller Williams Capital Properties
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