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Vacant Building

1963 Calvert Street NW

1963 Calvert St NW, Washington, DC 20009

Listing Price: $1,300,000

Number of Units
1
Gross SF
3,800
Price/Gross SF
$342.11

Investment Overview

Offering Overview As the exclusive listing broker, Marcus & Millichap is pleased to offer for sale 1963 Calvert Street NW, a vacant 3,800 square foot building conveniently located in the Kalorama Triangle Historic neighborhood on an RA-2 zoned lot. Located in the heart of Northwest DC, it presents an investor the opportunity to acquire a value-add asset with strong residential zoning at a low-cost basis compared to other multifamily transactions in the submarket. The Asset Built in 1915, 1963 Calvert Street NW is a three-story, three-unit brick building with approximately 3,800 square feet of building space. The asset is currently configured as Imperial Valet Cleaner on the first floor, where only soap & water is used on-site, a two bed / two bath residential unit on the second floor, and a finished lower level. The asset has a facade about 20 feet wide, and each floor contains high ceilings with 12ft on the main floor, 10 ft on the second floor, and over seven and a half feet in the lower level. in the basement. Each of the three floors have their own separate entrance. The building is separately-metered for electricity with three meters, two gas meters and sub-metered for water on each floor. With 1963 Calvert being located in the Kalorama Triangle historic neighborhood, the asset provides a new owner with a range of potential investment strategies and the ability to update units, change layouts, and add to the current occupancy load. The Location 1963 Calvert Street NW is located in the heart of Adams Morgan with proximity to Kalorama, Dupont Circle, and Woodley Park, some of the nation’s most distinguished and affluent neighborhoods. Comprised of historic architecture along quiet tree-lined streets, Adams Morgan exemplifies the finest of DC’s city living. Residents are just blocks from popular retail, art galleries, public parks, and award-winning restaurants in Dupont Circle, Kalorama, Woodley Park, Georgetown, and the U Street Corridor. The property is 0.4 miles to the Woodley Park Metro (Red Line), providing access to downtown as well as major employers throughout the DC metro area.

Investment Highlights

  • Fully Vacant Asset - No TOPA
  • Value-Add Opportunity with Favorable RA-2 Zoning
  • Transit-Oriented - Metro Located
  • Top Tier Neighborhood - Walk Score: 96
  • High Demand Multifamily Rental & Condo Market
  • Strong Demographics

Exclusively Listed By

  • Joseph Tabb

    Associate

    (202) 536-3724

    Email Joseph

    License(s): MD: 5001989, DC: SP200204741

    Washington, D.C.

  • Dennis Cravedi

    First Vice President Investments

    (202) 536-3751

    Email Dennis

    License(s): MD: 655939, DC: SP98377145

    Washington, D.C.

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Vacant Building

1963 Calvert Street NW

Listing Price: $1,300,000

Number of Units
1
Gross SF
3,800
Price/Gross SF
$342.11

Investment Highlights

  • Fully Vacant Asset - No TOPA
  • Value-Add Opportunity with Favorable RA-2 Zoning
  • Transit-Oriented - Metro Located
  • Top Tier Neighborhood - Walk Score: 96
  • High Demand Multifamily Rental & Condo Market
  • Strong Demographics

Investment Overview

Offering Overview As the exclusive listing broker, Marcus & Millichap is pleased to offer for sale 1963 Calvert Street NW, a vacant 3,800 square foot building conveniently located in the Kalorama Triangle Historic neighborhood on an RA-2 zoned lot. Located in the heart of Northwest DC, it presents an investor the opportunity to acquire a value-add asset with strong residential zoning at a low-cost basis compared to other multifamily transactions in the submarket. The Asset Built in 1915, 1963 Calvert Street NW is a three-story, three-unit brick building with approximately 3,800 square feet of building space. The asset is currently configured as Imperial Valet Cleaner on the first floor, where only soap & water is used on-site, a two bed / two bath residential unit on the second floor, and a finished lower level. The asset has a facade about 20 feet wide, and each floor contains high ceilings with 12ft on the main floor, 10 ft on the second floor, and over seven and a half feet in the lower level. in the basement. Each of the three floors have their own separate entrance. The building is separately-metered for electricity with three meters, two gas meters and sub-metered for water on each floor. With 1963 Calvert being located in the Kalorama Triangle historic neighborhood, the asset provides a new owner with a range of potential investment strategies and the ability to update units, change layouts, and add to the current occupancy load. The Location 1963 Calvert Street NW is located in the heart of Adams Morgan with proximity to Kalorama, Dupont Circle, and Woodley Park, some of the nation’s most distinguished and affluent neighborhoods. Comprised of historic architecture along quiet tree-lined streets, Adams Morgan exemplifies the finest of DC’s city living. Residents are just blocks from popular retail, art galleries, public parks, and award-winning restaurants in Dupont Circle, Kalorama, Woodley Park, Georgetown, and the U Street Corridor. The property is 0.4 miles to the Woodley Park Metro (Red Line), providing access to downtown as well as major employers throughout the DC metro area.

Exclusively Listed By

  • Joseph Tabb

    Associate

    (202) 536-3724

    Email Joseph

    License(s): MD: 5001989, DC: SP200204741

    Washington, D.C.

  • Dennis Cravedi

    First Vice President Investments

    (202) 536-3751

    Email Dennis

    License(s): MD: 655939, DC: SP98377145

    Washington, D.C.

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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