1389 Quincy St Nw
$1,450,000
1389 Quincy St Nw, Washington, DC 20011
3.89
Cap Rate
56,426
NOI
Details:
Highlights:
- Days on Market: 766
- Heating: Other
Description:
PRICE IMPROVEMENT - Reduced $200K. Prime mixed-use building in the heart of the sought after Petworth neighborhood, along the busy retail-commercial corridor of 14th St. NW. Corner lot with frontage on 14th St. NW and on Quincy St. NW. Built out for restaurant / carry out on the first floor with a large outdoor patio dining space. Above the restaurant on the 2nd and 3rd levels are two 1 br. / 1 ba. apartments, including a large deck off the rear of the 2nd level . Tax record indicates 2,019 SF, but seller estimates approx. 2,300 SF. Zoned MU-4. There could be potential to add another level: max. building height = 50 ft.; max FAR = 2.5 (residential) or 1.5 (non-residential). Lease for 1st/2nd level is month-to-month, so property could be delivered vacant, or the new owner can renegotiate the lease. 3rd floor apartment is vacant. Excellent location with heavy foot and vehicle traffic, surround by shops, cafes, pubs, restaurants, and residential. Approx. 4 blocks to the Georgia Ave.-Petworth Metro station and 6 blocks to Columbia Heights Metro.
Location
Gallery
