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1420 N St NW - Towne Terrace East
3,300 SF Light Industrial Unit Offered at £1,098,096 in Washington, DC 20005
Investment Highlights
- Excellent location
- Divisible into multiple spaces
- Fantastic building amenities
Property Facts
1 Unit Available
Unit T3,T4,T6
| Unit Size | 3,300 SF | Sale Type | Investment or Owner User |
| Price | £1,098,096 | Net Initial Yield | 8.60% |
| Price Per SF | £332.76 | NOI | £94,436.22 |
| Unit Use | Light Industrial | No. Parking Spaces | 1 |
| Unit Size | 3,300 SF |
| Price | £1,098,096 |
| Price Per SF | £332.76 |
| Unit Use | Light Industrial |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 8.60% |
| NOI | £94,436.22 |
| No. Parking Spaces | 1 |
Description
**UNIQUE OPPORTUNITY TO OWN OVER 3,000 SQ FT OF COMMERCIAL OFFICE SPACE IN PRIME DC LOCATION** Located nicely along the 14th Street Corridor between Logan and Thomas Circles, you'll find this expansive commercial office space that features a welcoming reception area, conference room, and bathroom. This office space combined three units in the building to create a 19-ROOM + RECEPTION OFFICE SPACE that can be used in a variety of ways - including leasing the space to one tenant or individually leasing each room - the possibilities are endless! The space has wide plank LVP flooring throughout, neutral paint, and most rooms have individual keypad locks for security and the ability to lease the rooms to multiple tenants. The building has a very WELCOMING FRONT ENTRY with a ramp and elevator for easy access and CONCIERGE to provide a welcoming first impression for office tenants and assist with building entry. The building also has a rooftop pool with a nice terrace and great city views and onsite laundry facilities. One RESERVED GARAGE PARKING SPACE IS INCLUDED. The parking space is located at the neighboring property (1440 N ST NW) and included in the list price. Buyer may have the option to convert back to residential property (buyer to perform their own due diligence and must confirm with condo association and local zoning and tax offices). TENANTS WILL LOVE THE CONVENIENT LOCATION - this property is just one to two blocks to popular quick serve restaurants including Call Your Mother Deli, Sweetgreen, Starbucks, Shake Shack, Van Leeuwen Ice Cream, and Whole Foods, plus other popular restaurants including Le Diplomate, Pearl Dive, ChurchKey, and so many more! The property is also located near several Capital Bikeshare stations, bus stops, and more!
Sale Notes
List price includes units #T3, #T4, #T6 and parking space #P13 (at 1440 N St NW). Square footage based on the combination of the tax record square footages of all three units. Additional square feet from hallways and other previously common spaces may exist and is included.
+17 More
Large corner room with rear window
Welcoming open central reception area
Welcoming, large reception area
One large conference room
Large corner room with rear window
Three larger rooms without windows
Three larger rooms without windows
Multiple smaller rooms with windows
15-print-DSC065Multiple smaller rooms with windows at ground level56
Multiple smaller rooms with windows at ground level
Multiple smaller rooms with windows at ground level
Three larger rooms without windows
Three larger rooms without windows
Multiple smaller rooms with windows
Three larger rooms without windows
Multiple smaller rooms with windows
Multiple smaller rooms with windows
Multiple smaller rooms with windows
Multiple smaller rooms with windows
Multiple smaller rooms with windows
One common restroom; options for others.
Floor plan
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 100 | - | - |
| 2+1 | 41 | - | - |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Concierge
- Laundry Facilities
- Pool
- Property Manager on Site
- Roof Terrace
- Storage Space
- Bicycle Storage
- Conference Rooms
- Lift
- Public Transportation
zoning
| Zoning Code | MU2 (Allows for office/retail and medical/dental, or convert back to residential. MAY be opportunity for AirBnB/short term rental.) |
| MU2 (Allows for office/retail and medical/dental, or convert back to residential. MAY be opportunity for AirBnB/short term rental.) |
-
David Bediz -
Keller Williams Capital Properties
Presented by
1420 N St NW - Towne Terrace East
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