All brick, three level, triple net leased by Brompton Bicycle. Renovation with no expense spared, very high ceilings, hardwood floors, steel stairs with wood treads and cable railing, sprinkler system, ADA bathroom, rear egress, plenty of storage. 5 year lease, at the end of first year (May 2025), with a 5 year lease option, providing a current 4.66 CAP rate (10 year 5.27 Ave) , 2.5% annual increases, renovated completely in 2021, in Georgetown at Wisconsin and M Streets across from Apple and Hugo Boss stores. Zoned MU-4.
MLS# | DCDC2186678 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | ACTIVE-BRIGHT |
Year | 1900 |
Days On Site | 15 |
Listing Provided By | Coldwell Banker Realty - Washington | Joseph G Zorc |
Zoning | MU-4 |
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Acreage | 0.03 |
Water Front | Yes |
State | DC |
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County | WASHINGTON DC |
City | WASHINGTON |
Zip Code | 20007 |
Area | WASHINGTON DC |
School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
Listing VS Median (In 20007) | |
Price: $4,295,000 low | high Med: $779,950 On site: 15 low | high Med: 27.000000 |