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Vacant-User

The Heritage DC - Condo Retail Unit

2027 Rhode Island Ave NE, Washington, DC 20018

Listing Price: $1,500,000

Gross SF
2,300
Rentable SF
2,300
Price/Gross SF
$652.17
Lot Size
0.12 acres
Year Built
2022

Investment Overview

This new construction build offers a buyer a two-level retail space with eleven-foot-high ceilings on the main level and nine-foot high ceilings on the lower level. Zoned MU-4, this retail space has floor-to-ceiling windows, separate egress from the forty-three unit multifamily building above these units and a separate entrance to main lobby of the apartment building. There are two 2,300 SF condo units For Sale and each unit will be delivered as a cold dark shell. There is also an option to purchase parking spaces in the rear of the building that are each separately deeded. This condo would be ideal for a User seeking to purchase a retail space in a luxury condominium building on a busy corridor with a daily traffic count of 20,970 automobiles. This space could also be ideal for an Investor seeking to own a commercial retail asset and achieve a 6.00% CAP rate or higher. The Heritage DC is located on a major commuter corridor of the Woodridge NE subdivision. Woodridge is experiencing an urban renaissance of unprecedented proportions mainly due to the revitalization of the Rhode Island corridor. Designated as a "Great Street" (www.greatstreets.dc.go,), the Rhode Island corridor serves as a major commuter corridor between downtown DC and the Maryland suburbs. This property is within close proximity to Dakota Crossing, The Shops at Rhode Island Avenue, Rhode Island Avenue metro are within 1.5 miles. This new construction build offers a buyer a two-level retail space with eleven-foot-high ceilings on the main level and nine-foot high ceilings on the lower level. Zoned MU-4, this retail space has floor-to-ceiling windows, separate egress from the forty-three unit multifamily building above these units and a separate entrance to main lobby of the apartment building. There are two 2,300 SF condo units For Sale and each unit will be delivered as a cold dark shell. There is also an option to purchase parking spaces in the rear of the building that are each separately deeded. This condo would be ideal for a User seeking to purchase a retail space in a luxury condominium building on a busy corridor with a daily traffic count of 20,970 automobiles. This space could also be ideal for an Investor seeking to own a commercial retail asset and achieve a 6.00% CAP rate or higher. The Heritage DC is located on a major commuter corridor of the Woodridge NE subdivision. Woodridge is experiencing an urban renaissance of unprecedented proportions mainly due to the revitalization of the Rhode Island corridor. Designated as a "Great Street" (www.greatstreets.dc.go,), the Rhode Island corridor serves as a major commuter corridor between downtown DC and the Maryland suburbs. This property is within close proximity to Dakota Crossing, The Shops at Rhode Island Avenue, Rhode Island Avenue metro are within 1.5 miles

Investment Highlights

  • New Construction - 2,300 SF Bi-Level Retail Spaces
  • 2,300 Square Feet - Cold Shell
  • Located on Rhode Island Avenue NE With Over a Daily Traffic Count of Over 20,000 cars.
  • Opportunity for an Owner to Access a Grant From the "Great Street" Program
  • Eleven-Foot-High Ceilings on the Main Level
  • Option to Purchase two 2,300 Retail Spaces on the Main Level of a Luxury Multifamily Building

Exclusively Listed By

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-User

The Heritage DC - Condo Retail Unit

Listing Price: $1,500,000

Gross SF
2,300
Rentable SF
2,300
Price/Gross SF
$652.17
Lot Size
0.12 acres
Year Built
2022

Investment Highlights

  • New Construction - 2,300 SF Bi-Level Retail Spaces
  • 2,300 Square Feet - Cold Shell
  • Located on Rhode Island Avenue NE With Over a Daily Traffic Count of Over 20,000 cars.
  • Opportunity for an Owner to Access a Grant From the "Great Street" Program
  • Eleven-Foot-High Ceilings on the Main Level
  • Option to Purchase two 2,300 Retail Spaces on the Main Level of a Luxury Multifamily Building

Investment Overview

This new construction build offers a buyer a two-level retail space with eleven-foot-high ceilings on the main level and nine-foot high ceilings on the lower level. Zoned MU-4, this retail space has floor-to-ceiling windows, separate egress from the forty-three unit multifamily building above these units and a separate entrance to main lobby of the apartment building. There are two 2,300 SF condo units For Sale and each unit will be delivered as a cold dark shell. There is also an option to purchase parking spaces in the rear of the building that are each separately deeded. This condo would be ideal for a User seeking to purchase a retail space in a luxury condominium building on a busy corridor with a daily traffic count of 20,970 automobiles. This space could also be ideal for an Investor seeking to own a commercial retail asset and achieve a 6.00% CAP rate or higher. The Heritage DC is located on a major commuter corridor of the Woodridge NE subdivision. Woodridge is experiencing an urban renaissance of unprecedented proportions mainly due to the revitalization of the Rhode Island corridor. Designated as a "Great Street" (www.greatstreets.dc.go,), the Rhode Island corridor serves as a major commuter corridor between downtown DC and the Maryland suburbs. This property is within close proximity to Dakota Crossing, The Shops at Rhode Island Avenue, Rhode Island Avenue metro are within 1.5 miles. This new construction build offers a buyer a two-level retail space with eleven-foot-high ceilings on the main level and nine-foot high ceilings on the lower level. Zoned MU-4, this retail space has floor-to-ceiling windows, separate egress from the forty-three unit multifamily building above these units and a separate entrance to main lobby of the apartment building. There are two 2,300 SF condo units For Sale and each unit will be delivered as a cold dark shell. There is also an option to purchase parking spaces in the rear of the building that are each separately deeded. This condo would be ideal for a User seeking to purchase a retail space in a luxury condominium building on a busy corridor with a daily traffic count of 20,970 automobiles. This space could also be ideal for an Investor seeking to own a commercial retail asset and achieve a 6.00% CAP rate or higher. The Heritage DC is located on a major commuter corridor of the Woodridge NE subdivision. Woodridge is experiencing an urban renaissance of unprecedented proportions mainly due to the revitalization of the Rhode Island corridor. Designated as a "Great Street" (www.greatstreets.dc.go,), the Rhode Island corridor serves as a major commuter corridor between downtown DC and the Maryland suburbs. This property is within close proximity to Dakota Crossing, The Shops at Rhode Island Avenue, Rhode Island Avenue metro are within 1.5 miles

Exclusively Listed By

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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