2619 Connecticut Ave NW, Washington, DC, 20008

2619 Connecticut Ave NW Washington, DC 20008

2619 Connecticut Ave NW, Washington, DC, 20008
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FOR SALE
Property Type:
Schools/Education
Amount:
$3,490,000
Last Verified:
Nov 08, 2024

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Description

ONE Street Commercial Properties is thrilled to present an exceptional redevelopment opportunity in the heart of Northwest, Washington, D.C.

This distinguished property features a 4,668 square foot building with historical architectural charm dating back to 1935. The current layout has two separate fully built out restaurant spaces, and the property provides the ability by right to build above the retail spaces up to 50 feet. This offers versatile potential for various commercial and or residential uses, providing flexibility for future tenants and investors alike. Located in a prime area of Washington, the property enjoys optimal visibility and accessibility via Connecticut Avenue.

The neighborhood has seen a surge of recent developments, setting a strong precedent for how remarkable this property can become. With its rich heritage and strategic positioning, it is an ideal choice for investors looking to enhance their portfolio in the nation’s capital. This property represents a fantastic redevelopment opportunity to create a modern, dynamic space while preserving its historical essence.

Matterport 3D Walkthroughs:

https://my.matterport.com/show/?m=shzKXKx28VT
https://my.matterport.com/show/?m=2CwSBiaeXpw

Located in the heart of the historic Woodley Park neighborhood of Washington, D.C., the area surrounding the property is steeped in elegance and history. Just minutes from the vibrant Dupont Circle and Woodley Park Metros stations, residents and businesses enjoy access to an array of renowned restaurants, shops, and cultural attractions. The property is also in close proximity to the iconic Smithsonian National Zoological Park, the scenic and expansive Rock Creek Park, and the acclaimed Phillips Collection art museum. With its stately rowhouses and tree-lined streets, the area exudes sophistication and charm, making it a prime location for office and office building investors seeking a prestigious and central address in the nation's capital.


Year Built: 1935
Building Size: 3846sq ft
Lot Size: 0.2 acres


Documents

OM - 2619 Connecticut Ave NW
Zoning- 2619-2621 Connecticut Ave.pdf


Map of 2619 Connecticut Ave NW, Washington, DC, 20008

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.