1060 Brentwood RdWashington, DC 20018

Property Details for 1060 Brentwood Rd

Year built

2002

Construction

BRICK

Lot size

7.00 AC

Property size (Sq ft)

57,515 SF

Zone code

MU-5A

Property type

Retail properties

Property subtype

Super regional malls

APN

3848 0820

APU

38480820

Description

This exceptional retail opportunity presents 3,750 square feet of vacant space within the established Rhode Island Place shopping center, located at 1060 Brentwood Rd NE, Washington, DC 20018. The center boasts a total of 58,029 square feet and features a dominant presence on US Highway Route 1 (Rhode Island Avenue). Its strategic location offers unparalleled accessibility, situated adjacent to the Metro's Red Line station, a mere two stops from Union Station. This ensures high foot traffic and convenient access for customers. The center benefits from a strong shadow anchor presence, with Home Depot and Giant supermarkets nearby, driving significant consumer traffic to the area. The property includes ample parking with 1080 spaces available for shoppers and tenants. This is a single-suite, multi-tenant retail shopping center in the District of Columbia, offering a unique chance to establish a business in a high-traffic, well-established retail environment. The property's location and existing infrastructure provide a solid foundation for success. The available space is ideal for a variety of retail uses, capitalizing on the significant consumer base drawn to this thriving shopping destination. This is a rare opportunity to secure a prominent retail space in a highly desirable location within the District of Columbia.

• CAP approach

  CAP return

  Valuation

  6%

  $21,849,512

  6.5%

  $20,168,780

  7%

  $18,728,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,206,062

  Geo Method

  $24,206,062

• Alternative Use

  Use

  Valuation

  Residential

  $17,013,120

  Hospitality

  $15,583,927

  Educational

  $12,965,644

  Medical

  $13,411,552

  Retail

  $20,168,780

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9203

Longitude

-76.9932

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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