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7305 Georgia Avenue NW

WASHINGTON, DC 20012
  • $1,300,000
  • STATUS: Active
  • ON SITE: 273 Days
  • ID#: DCDC2093162
$1,300,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1927
County:

School Ratings & Info

Description

PRICE ADJUSTMENT! Established, modern 2-level multi-use building located in a prime business location with booming development all around. Prominently situated within walking distance to the all-new multi-phase development; The Parks at Historic Walter Reed with a new Whole Foods Market. The Parks is a major, one billion dollar project in development. Strong potential for increased foot traffic and values as part of the vibrant and progressing Brightwood neighborhood. This turn-key property is subject to one residential lease ending 2/29/2024. The retail space is vacant. The updated storefront unit is built out into a hair salon that originally opened in 1999 and remodeled in 2012. It features a large open space with LVP flooring, modern lighting, 6 stylist stations, an esthetician station, 3 shampoo stations and multiple hair drying stations, a half bath, and a staff lounge/storage area. The upper level offers a fully remodeled open floor plan unit with 2 bedrooms, Den, 1 full bath, an attractive open kitchen with stainless steel appliances (two ovens), granite countertops, large center island with granite, hardwood floors, stacked washer and dryer, trendy metal stair railing +GG urban charm! The exterior offers a large private deck, 1 parking space in the rear of the building and ample street parking. There is also a basement area where the utilities are housed. Units are separately metered. This offering is a rare opportunity to acquire a self-sufficient real estate investment with strong property management. Are you a seasoned stylist or barber and ready to step into your destiny of salon ownership +GG do not miss this fantastic opportunity! Become an owner occupier, live upstairs and work while running your salon or other business downstairs. Property being sold AS-IS. Weekend showings require 24 hours+GG notice. All showings by appointment.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Charles Graef Home Selling Team | REMAX Associates. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-25T23:52:37.627.
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7305 Georgia Avenue NW WASHINGTON, DC 20012

  • Price: $1,300,000
  • Status: Active
  • On Site: 273 Days
  • ID#: DCDC2093162
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1927
Built
Neighborhood:
Brightwood
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
PRICE ADJUSTMENT! Established, modern 2-level multi-use building located in a prime business location with booming development all around. Prominently situated within walking distance to the all-new multi-phase development; The Parks at Historic Walter Reed with a new Whole Foods Market. The Parks is a major, one billion dollar project in development. Strong potential for increased foot traffic and values as part of the vibrant and progressing Brightwood neighborhood. This turn-key property is subject to one residential lease ending 2/29/2024. The retail space is vacant. The updated storefront unit is built out into a hair salon that originally opened in 1999 and remodeled in 2012. It features a large open space with LVP flooring, modern lighting, 6 stylist stations, an esthetician station, 3 shampoo stations and multiple hair drying stations, a half bath, and a staff lounge/storage area. The upper level offers a fully remodeled open floor plan unit with 2 bedrooms, Den, 1 full bath, an attractive open kitchen with stainless steel appliances (two ovens), granite countertops, large center island with granite, hardwood floors, stacked washer and dryer, trendy metal stair railing +GG urban charm! The exterior offers a large private deck, 1 parking space in the rear of the building and ample street parking. There is also a basement area where the utilities are housed. Units are separately metered. This offering is a rare opportunity to acquire a self-sufficient real estate investment with strong property management. Are you a seasoned stylist or barber and ready to step into your destiny of salon ownership +GG do not miss this fantastic opportunity! Become an owner occupier, live upstairs and work while running your salon or other business downstairs. Property being sold AS-IS. Weekend showings require 24 hours+GG notice. All showings by appointment.
Exterior Features

Construction Materials Brick Garage YN No Location Type Business Park Parking Features Private Parking Types Driveway Property Condition Excellent Riparian Rights YN No Soil Types Unknown View CityStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2213.00 Cooling Central A/CCeiling Fan(s) Flooring Luxury Vinyl PlankWood Heating 90% Forced Air Heating YN Yes Inclusions All salon fixtures Net Square Feet 2213.00 Security Features Main Entrance LockSmoke DetectorElectric AlarmCarbon Monoxide Detector(s)

Property Features

Acceptable Financing CashConventionalPrivate Accessibility Features None Assessment Year 2022 Business Type Hair Salon and SpaProfessionalReligious FacilityRestaurant/BarHealth ClubApartment Building Central Air YN Yes Cooling Fuel Electric Cross Street Fern PlaceNW Elevators 0 Entry Level 2 Gross Income 97733.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Lease Considered YN No Navigable Water YN N Net Operating Income 70498.00 New Construction YN No Number Of Units Total 1 Operating Expense Includes AdvertisingCable TVElectricHeating/CoolingInsuranceManagement FeesPest ControlRepair/MaintenanceTrashWaterSewer Original MLSNumber 802293900256 Owner Pays Accounting/LegalAdvertising/Licenses and PermitsCommon Area MaintenanceInsuranceManagementPest ControlRepairsTaxes - Real EstateTaxes - Personal propertyWater Ownership Interest Fee Simple Possession SettlementSubject to Existing Lease Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8690.00 Tax Assessment Amount 535210.00 Tax Lot 27 Total Actual Rent 30000.00 Transportation Bus Stop less than 1 mileMetro/Subway Station 1 to 3 miles Utilities Cable TVElectric AvailableNatural Gas AvailablePhone AvailableWater Available Vacation Rental YN No Water Source Public Zoning MU-4

Listing courtesy of Long & Foster Real Estate, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Charles Graef Home Selling Team | REMAX Associates. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-25T23:52:37.627.
 
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