2208 Naylor Rd Washington, DC 20020
- Retail space
- 1,584 SF
- 0.02 lot acres
Current Use by Public Records
- Retail space
Property Details for 2208 Naylor Rd
- Year built
- 1932
- Construction
- BRICK
- Lot size
- 0.02 lot acres
- Property size
- 1,584 SF
- Zone code
- MU-4
- Property type
- Retail space
- APN
- 5576 0803
- APU
- 55760803
Description
This exceptional mixed-use property at 2208 Naylor Road SE, Washington, DC presents a unique investment opportunity. The 1,584 square foot building sits on a 0.02-acre lot and is currently configured as a ground-floor beauty salon with a spacious two-bedroom, one-bathroom apartment featuring a den located on the upper level. The versatile layout allows for a variety of business uses, making it ideal for an owner-operator or an investor seeking rental income. The property's location within a rapidly developing area of Washington, DC offers significant potential for future appreciation. This is a prime opportunity to capitalize on the growth of the Southeast DC market. Furthermore, this property is eligible for the Commercial Property Acquisition Fund, a program offering down payment assistance of up to $750,000 or 25% of the purchase price, whichever is less, to qualified businesses acquiring commercial property in the District. This substantial financial incentive significantly reduces the initial investment required, making this property even more attractive. The asking price for this promising mixed-use building is $750,000. Don't miss this chance to own a piece of Washington, DC's vibrant future. Contact us today to schedule a showing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $220,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $235,000
- Mixed-Use
- $210,000
- Hospitality
- $215,000
- Educational
- $235,000
- Residential Income
- $205,000
- Energy
- $235,000
- Income-Based Land
- $190,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -76.9745
- Latitude
- 38.8712
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA