2000 14th Street SE, Washington , DC 20009
Marcus & Millichap is pleased to present the exclusive offering of 2000 14th Street SE.
2000 14th Street SE represents an opportunity for a owner-operator or investor to acquire a three-level building currently occupied by the Agape 1 Way of Grace Church of Christ. The property totals approximately 9,307 SF of building, consisting of a rentable sublevel and two above grade levels, and is situated on a 4,680 SF lot. The property is zoned R-3, allowing a variety of potential uses including residential, child or elderly development center, health care facility, religious, as well as public and private schools.
The property is ideal for both an owner-user or investor. An owner-user could benefit from the propertys Ward 8 location, which carries many incentives for business to locate their operations in the area. The property is located within a Historically Underutilized Business Zone, which helps businesses gain preferential access to federal procurement opportunities. 2000 14th Street SE is in a designated Opportunity Zone, which provide tax incentives for investments in new businesses and commercial projects in designated areas. The property represents an ideal Opportunity Zone investment for both an owner-user or investor, as there is a substantial improvement threshold that must be met in order to qualify for the tax benefits. Because 2000 14th Street will require renovation, this requirement should be satisfied.
With major developments such as the 11th Street Bridge Park, the MLK Gateway, Reunion Square, and the redevelopment of Barry Farms, the Anacostia
neighborhood is in the early stages of a major revival. Additionally, with national retailers and well known restaurants opening in the neighborhood, such as Chase Bank, Starbucks and Busboys and Poets, there appears to be plenty of long-term appreciation potential in the area.
Marcus & Millichap is pleased to present the exclusive offering of 2000 14th Street SE.
2000 14th Street SE represents an opportunity for a owner-operator or investor to acquire a three-level building currently occupied by the Agape 1 Way of Grace Church of Christ. The property totals approximately 9,307 SF of building, consisting of a rentable sublevel and two above grade levels, and is situated on a 4,680 SF lot. The property is zoned R-3, allowing a variety of potential uses including residential, child or elderly development center, health care facility, religious, as well as public and private schools.
The property is ideal for both an owner-user or investor. An owner-user could benefit from the propertys Ward 8 location, which carries many incentives for business to locate their operations in the area. The property is located within a Historically Underutilized Business Zone, which helps businesses gain preferential access to federal procurement opportunities. 2000 14th Street SE is in a designated Opportunity Zone, which provide tax incentives for investments in new businesses and commercial projects in designated areas. The property represents an ideal Opportunity Zone investment for both an owner-user or investor, as there is a substantial improvement threshold that must be met in order to qualify for the tax benefits. Because 2000 14th Street will require renovation, this requirement should be satisfied.
With major developments such as the 11th Street Bridge Park, the MLK Gateway, Reunion Square, and the redevelopment of Barry Farms, the Anacostia
neighborhood is in the early stages of a major revival. Additionally, with national retailers and well known restaurants opening in the neighborhood, such as Chase Bank, Starbucks and Busboys and Poets, there appears to be plenty of long-term appreciation potential in the area.
