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Development Site 2125 E St NW 16,129 SF Vacant Retail Building Washington, DC 20037 $8,000,000 ($496.00/SF)
INVESTMENT HIGHLIGHTS
- Residential Redevelopment Site (67,000SF) or for Owner-User (12,769SF available). 3,360SF Leased.
- Existing Income, Redevelopment Clause
- Located steps from George Washington University, The Kennedy Center and The Watergate Hotel
- 12 Parking Spaces
EXECUTIVE SUMMARY
Prime Residential Redevelopment/Investment Opportunity just South of the George Washington University Campus, and the Kennedy Center. Ability to develop approximately 67,000 SF+/- of residential. Currently occupied by Bourbon & More (5-year, NNN Lease), former CVS (12,769SF available)vacant. All leases have redevelopment clause. Please contact listing agents for offering memorandum.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$60,000
|
$3.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,000
|
$3.72
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $3.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $3.72 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
16,129 SF
Building Class
B
Year Built
1940
Price
$8,000,000
Price Per SF
$496.00
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.76
Lot Size
0.21 AC
Zoning
MU-2 - Mixed-use zoning district that encourages a combination of residential, retail, office, and service uses in a compact, walkable area.
Parking
12 Spaces (0.74 Spaces per 1,000 SF Leased)
Frontage
58’ on E St NW
AMENITIES
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Riverside Liquors
- Retailer
- 3,360 SF
- $17.85
- Triple Net
- May 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Riverside Liquors | Retailer | 3,360 SF | $17.85 | Triple Net | May 2030 |
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0081-0844 | Improvements Assessment | $4,613,460 |
| Land Assessment | $1,821,630 | Total Assessment | $6,435,090 |
PROPERTY TAXES
Parcel Number
0081-0844
Land Assessment
$1,821,630
Improvements Assessment
$4,613,460
Total Assessment
$6,435,090
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Development Site | 2125 E St NW
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