Sold

CLOSED

2406, 2408, 2410 18th St NW

Washington DC, 20009

$4,260,000


$290.96 per sqft

Sold

CLOSED

14,641 sqft

Commercial

Built in 1900

Excellent investment opportunity to purchase three adjacent three-story, mixed-use buildings in Adams Morgan! This outstanding location fronts directly to 18th Street among a wide variety of restaurants, bars, and retail shops! The property consists of commercial spaces at street level and six residential apartments on the second and third floors. The retail spaces offer window frontage to 18th Street and range between 1,900 and 2,100 square feet. The residential unit mix is comprised of three 2-bedroom units (average 900 sq ft each) and three 3-bedroom units (average 1,050 sq ft each). All three buildings are offered for sale together as a single portfolio and not individually. In total, the buildings contain 14,641 square feet according to the tax records, with 11,920 square feet of usable building area on a 4,113 sq ft parcel.

The properties are being sold subject to the terms of the pending offer detailed in the Sale Motion. Each bidder is bidding based on the terms and conditions set forth in the Sale Motion with the next highest acceptable bid being $4,100,000. All sales are subject to the approval of the US Bankruptcy Court.

The location is within walking distance of Kalorama Park, with the larger Walter Pierce Park and Meridian Hill Parks just a few blocks further away. There's multifamily across the street and elsewhere in the neighborhood. Neighboring businesses include Capital Blossom Day Spa, The Game sports pub, Rise Bakery, Mediterranean Spot, Amerstdam Falafal, Los Cuates Cantina, Isshin Asian Bistro, and many more.

The property is situated in a MU-5A zone. The MU-5 zones are intended for medium-density, compact mixed-use development with an emphasis on residential uses, and to provide facilities for shopping and business needs, housing, and mixed-uses for large segments of the District of Columbia outside of the central core. The land uses in the MU-5A zone permits multifamily, office, retail, and arts uses as of right, and are typically located on arterial streets, in uptown and regional centers, and at rapid transit stops.

All sales are subject to US Bankruptcy Court approval.

DCDC2079816

MLS ID

January 9, 2023

Listed

July 14, 2024

Updated

Map

2406, 2408, 2410 18th St NW
Washington DC, 20009

Interior Features

Total Stories

3


Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Baseboard, Hot Water, Electric

Exterior/Building Features

Lot Size

0.09 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$61,930


Tax Frequency

Annually


Days on Market

134


Garage

No


Parking

On Street


View

Yes


View Description

City, Street


County

WASHINGTON


Water Source

Public


Pool

No


Zoning

Multifamily, office, retail, and arts. Typically located on arterial streets, in uptown and regional centers, near rapid transit

Listed by Stephen M Karbelk, Stephanie A Young with CENTURY 21 Commercial New Millennium
Listing Contact: 5714811037 

The IDX display contains information sourced from the Bright MLS, Inc. as of 7/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 7/14/2024 at 6:03 AM UTC

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