2118 18Th StWashington, DC 20009

Property Details for 2118 18Th St

Year built

1900

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

3,832 SF

Zone code

MU-4

Property type

Retail space

APN

2554 0032

APU

25540032

Description

This exceptional retail space, located at 2118 18th Street NW Unit A in Washington, DC's vibrant Adams Morgan neighborhood, presents a rare opportunity for businesses seeking high visibility and foot traffic. Situated on a 0.03-acre lot, this first-floor unit offers an open layout ideal for a variety of uses, including office, retail, restaurant, medical practice, or salon/spa. The space boasts attractive features such as high ceilings and abundant natural sunlight, creating a welcoming atmosphere for customers and employees. A convenient half-bath is also included. The property benefits from its prime location, just one block from the intersection of 18th Street and Florida Avenue NW, a central point connecting Adams Morgan, Dupont Circle, and the U Street Corridor. This bustling area is surrounded by numerous local businesses, restaurants, shops, and entertainment venues, ensuring a constant flow of potential customers. The space is currently vacant and ready for renovation, allowing for complete customization to suit a tenant's specific needs. The lease terms are Triple Net (NNN). Two separate units are available. This is an unparalleled chance to establish a thriving business in one of Washington, DC's most desirable and dynamic neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $1,455,748

  6.5%

  $1,343,767

  7%

  $1,247,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,612,756

  Geo Method

  $1,612,756

• Alternative Use

  Use

  Valuation

  Residential

  $1,133,518

  Hospitality

  $1,038,296

  Educational

  $863,850

  Medical

  $893,559

  Retail

  $1,343,767

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9185

Longitude

-77.0419

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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