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Property profile & analytics
OFF-MARKET
Drive through restaurants

2 Florida NE Ave Washington, DC 20002-3302

1,600 SF 0.22 ac lot Built 1972
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US16-0145331
Property summary
AI-generated overview

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 profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1972
Construction BRICK
Total area 1,600 SF
Lot 0.22 ac (9,640 SF)
Zoning code MU-4
APN 3516 0137
UPID US16-0145331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Ankit Shah · 6 yrs held
Ankit Shah
since 2020
1 recorded transaction
2020
$750,000
Zoning & alternative use
MU-4 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP, MU-4/CAP, MU-4/CHC, AND MU-4/CAP/CHC 400 PURPOSE AND INTENT 401 DENSITY 402 HEIGHT 403 PENTHOUSE AND ROOFTOP STRUCTURE 404 SPECIAL EXCEPTION…

Zone name Mixed Use
General category MIXED_USE
Zone area 778.69 ac
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