Palisades Office/Retail Building For Sale/Lease

Transcription

1 Washington, DC Palisades Office/Retail Building For Sale/Lease Legal Description: Square: 1419 Lot: 0882 Building Info: First Floor 710 Second Floor 710 Lower Level 580 Total Building SF 2000** ** building square footage is an estimate of the total building area calculation. Lot Size: Parking: Zoning: 2,415 sq. ft. Up to 6 vehicles stacked C1 Price: $990,000 Lease: $3800 per month NNN

2 Features: Year Built: Annual Real Estate Taxes (2012): Annual Utilities (estimate): Annual Insurance (estimate): 1927 (Updated in 1990 s) $7, $3,600 + cleaning (estimated) $2300 (estimated) This property is a semi-detached, three-story commercial structure with hardwood floors and a finished basement. In 2011, the roof was inspected and serviced, the exterior was painted, the side patio/concrete deck was painted and the gas hotwater heater was replaced. This masonry and stucco building is located on MacArthur Avenue in Palisades and is surrounded by various retail and commercial spaces. Property Area Description: The MacArthur Blvd commercial corridor furnishes all the conveniences and much more. A vibrant restaurant district attracts diners from the neighborhood and surrounding communities. A rich blend of grocers, coffee shops, pharmacists banks, and a year round farmers market. Other retail neighbors include Salt & Pepper, Chen s Gourmet, Listrani s, Starbucks, Bambu, UPS Store, Et Voila!, and several other restaurants. Great MacArthur Blvd Frontage with superb demographics. The District Department of Transportation estimates a daily average of cars traveling on MacArthur. In 20016, of the total population in that zip code, about 44% are male and 56% female and the largest age group is at about 12%. Walk to the C&O Canal, the Potomac River and the Capital Crescent Trail. Just a few minutes drive from Downtown DC, Virginia and Maryland.

3 Partial Survey Map /

4 Property Photos

5 Floor Plans for First and Second Floors

6 Palisades Zoning Map & Text C-1 Permits matter-of-right neighborhood retail and personal service establishments and certain youth residential care homes and community residence facilities to a maximum lot occupancy of 60% for residential use and 100% for all other uses, a maximum FAR of 1.0, and a maximum height of three (3) stories/forty (40) feet. Rear yard requirements are twenty (20) feet; one family detached dwellings and one family semi-detached dwellings side yard requirements are eight (8) feet. The Neighborhood Shopping (C-1) District is designed to provide convenient retail and personal service establishments for the day-to-day needs of a small tributary area, with a minimum impact upon surrounding residential development. Each C-1 District shall only permit low-bulk development and, in general, shall be mapped only in outlying areas. Some community facilities, housing, and mixed uses, as well as the usual neighborhood shopping and service establishments, shall be permitted. Except as provided in chapters 20 through 25 of this title, in a C-1 District, no building or premises shall be used and no building shall be erected or altered that is arranged, intended, or designed to be used except for one (1) or more of the uses listed in 701 through 711. (See section 700 of the District of Columbia Municipal Regulations for more information)

7 Aerial & Map Bambu

8 Disclaimer & Non-Disclosure This Investment Offering Package and all information forwarded hereafter as an Addendum to the Offering Package has been prepared solely for informational purposes to assist a Prospective Purchaser in determining whether it wishes to proceed with an investigation of the property. No representations, or warranties, expressed or implied, as to the accuracy or completeness of the Investment Offering Package or any of its contents shall be deemed made, and no legal commitment or obligations shall arise, by reason of this Investment Offering Package or its contents. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is the Prospective Purchaser s responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. By receipt of this package, you agree that its contents are of a confidential nature, and that you will hold the information in the strictest confidence and will not disclose it to any other entity without the prior written authorization of the Owner or O Neill Realty Advisors, LLC. /