Active
238 Rhode Island Ave NW
Washington DC, 20001
$1,300,000
$505.05 per sqft
Active
2,574 sqft
Commercial
Built in 1911
Prime Investment Opportunity to purchase a large 3 level Mixed-Use Commercial Property with a basement. This property was previously used as a Walk-in Restaurant/Carry Out. There are also (2) 1BR/1BA units on the second floor. The property will need a complete rehabilitation from top to bottom to really shine. Centrally located in a highly desirable area, and intersection of Rhode Island Avenue and Florida Avenue. The area is booming with economic development, making it a prime spot for investment. Properties of this type are rarely available in this neighborhood, and that's Ideal for someone with vision looking to be part of a rapidly developing area. Most importantly, there is the potential opportunity for expansion by adding two additional levels based on the MU-4 zoning. This property sits in arguably one of the most prime intersections in the city of Florida Rhode Island. This is a probate property, and it's priced to sell, so don't hesitate--this opportunity may not last long! Please bring flashlight and workbooks for basement. For more details or to schedule a viewing, please contact.
DCDC2160950
MLSⓇ ID
September 24, 2024
Listed
October 13, 2024
Updated
Map
238 Rhode Island Ave NW
Washington DC, 20001
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Size
0.03 Acres
Sewer
Public Sewer
Other Property Details
Taxes
$4,601
Tax Frequency
Annually
Days on Market
14
Garage
No
Parking
On Street
View
No
County
WASHINGTON
Water Source
Public
Pool
No
Listed by Samson Properties
Listing Contact: 2022566509
The IDX display contains information sourced from the Bright MLS, Inc. as of 10/13/2024. 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 10/13/2024 at 4:47 AM UTC
