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    318 Riggs Rd Washington, DC 20011

    For Lease
    Contact for pricing

    3,870 SF Retail Space in DC

    Lot size:
    3,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 3,870 square foot retail space is ideally situated at the corner of Riggs Road NE and South Dakota Avenue NE in Washington, DC's vibrant Fort Totten neighborhood. The property boasts a highly visible location, benefiting from its proximity to future mixed-use developments including Fort Totten South and the Art Place at Fort Totten. This single-tenant space offers immediate occupancy with ample dedicated parking for customers. The strategic location is further enhanced by its adjacency to a substantial residential community, anchored by a 120,000 square foot urban-format Walmart, ensuring a consistent flow of potential customers. The property is located in the District of Columbia, with a zip code of 20011. This presents a unique opportunity for businesses seeking high visibility and access to a thriving residential and commercial area. The entire 3,870 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This prime retail location offers significant potential for growth and success in a rapidly developing area of Washington, D.C. The property is classified as Commercial Retail.

    Property Features for 318 Riggs Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,870 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    3,870 SF

    HighLights

    • 3,870 square foot retail space available.
    • Located at the corner of Riggs Road NE and South Dakota Avenue NE in Washington, DC's Fort Totten neighborhood.
    • High visibility location near future mixed‑use developments and a 120,000 square foot Walmart.
    • Immediate occupancy available; ample dedicated parking.
    • Lease rate is negotiable.
    • Vacant space allows for tenant customization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0015784
    Latitude
    38.9587115

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    FAQs

    What type of property is this?
    Retail property - 3,870 SF Retail Space in DC
    Where is this retail property located?
    The property is located at 318 Riggs Rd Washington, DC.
    What are key features of this property?
    This property features: 3,870 square foot retail space available.; Located at the corner of Riggs Road NE and South Dakota Avenue NE in Washington, DC's Fort Totten neighborhood.; High visibility location near future mixed-use developments and a 120,000 square foot Walmart.
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    Washington, DC 20011
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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
    318 Riggs Rd Washington, DC 20011
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