2218 Rhode Is NE Ave Washington, DC 20018-2827

Property Details for 2218 Rhode Is NE Ave

Year built

1955

Construction

BRICK

Lot size

0.04 lot acres

Property size

3,492 SF

Zone code

MU-4

Property type

Retail space

APN

4248 0021

APU

42480021

Description

This exceptional mixed-use property at 2218 Rhode Island Avenue NE, Washington, DC 20018, presents a unique investment opportunity. The three-story building, totaling 3,600 square feet of net rentable space, is currently vacant and offers significant potential for a variety of uses. Previously occupied by a clinic, the interior is already configured for office or medical use, making it ideal for a quick conversion. The first floor lends itself easily to retail adaptation, providing flexibility for diverse business models. The lower level is conveniently grade-level, offering easy access and additional space. A valuable feature is the inclusion of a basement garage, providing ample parking. The building is in excellent condition, minimizing upfront renovation costs. The asking price is $1,250,000, translating to $347.22 per square foot. This owner/user investment opportunity in a vibrant Washington, DC neighborhood offers strong potential for both immediate occupancy and long-term appreciation. The property's location provides excellent visibility and accessibility, making it an attractive proposition for savvy investors seeking a versatile and well-maintained asset. This single-unit building presents a rare chance to acquire a well-situated mixed-use property in a thriving area of the District of Columbia.