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    2 Florida Ave Washington, DC 20002

    Sponsored
    For Lease
    Contact for pricing

    Freestanding building, ample parking, high traffic.

    Lot size:
    1,597 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,597 square foot freestanding retail building, located at 2 Florida Ave NE in Washington, DC, presents a unique investment opportunity. Currently fully vacant, this property offers a blank canvas for a variety of commercial uses, including restaurants, thanks to its existing restaurant build-out. Situated on a 9,640 square foot lot, the building benefits from ample surface parking, a significant advantage in a bustling urban environment. The property's strategic location at the corner of Florida Ave NE and North Capitol St boasts exceptional visibility and accessibility, with a combined daily traffic count of 62,800 vehicles. This high-traffic area is surrounded by a thriving neighborhood featuring numerous townhomes, apartment buildings, and diverse retail establishments, ensuring a robust customer base. The MU-4 zoning allows for a range of commercial uses, providing flexibility for potential tenants. This property is ideally positioned to capitalize on the continued growth and development of this vibrant Washington, DC neighborhood. The entire 1,597 square feet is available for lease. Don't miss this chance to secure a prime retail space in a rapidly expanding area of the District of Columbia. Zip code: 20002.

    Property Features for 2 Florida Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,597 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,597 SF

    HighLights

    • Freestanding retail building with fully built‑out restaurant space available for sublease.
    • Ample on‑site parking.
    • Corner location at Florida Ave and North Capitol St, Washington, DC.
    • High‑traffic intersection (62,800 VPD).
    • Prime location in a high‑growth area of Washington, DC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0086862
    Latitude
    38.9108793

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    FAQs

    What type of property is this?
    Restaurant - Freestanding building, ample parking, high traffic.
    Where is this restaurant located?
    The property is located at 2 Florida Ave Washington, DC.
    What are key features of this property?
    This property features: Freestanding retail building with fully built-out restaurant space available for sublease.; Ample on-site parking.; Corner location at Florida Ave and North Capitol St, Washington, DC.
    Request Owner's contact information
    2 Florida Ave Washington, DC 20002
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    Washington, DC 20002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Florida Ave Washington, DC 20002
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