Property profile

300 Vine St NW 1 Washington, DC 20012

FOR LEASE
Warehouses
Property ID
US16-0077041
29,244 SF 0.46 ac lot Built 1949
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 28,317-square-foot industrial property at 300 Vine St NW, Washington, DC 20012, presents a rare opportunity in the District of Columbia's vibrant Washington DC submarket. The building, situated on a 4.6-acre lot, offers flexible MU-4 zoning, allowing for a variety of commercial uses including refrigerated/cold storage, manufacturing, warehouse, distribution, and R&D. Currently fully vacant, the property is ready for immediate occupancy by a single tenant or can be easily subdivided for multiple occupants. The building features two levels, each with distinct advantages. The upper level, accessible from Vine Street NW, boasts 15,000 square feet, 10+ parking spaces, two 12' x 12' roll-up loading docks, 15-foot ceiling heights, and approximately 5,000 square feet of semi-finished office space. It also includes two bathrooms and heavy 3-phase power. The lower level, accessible from Maple Avenue NW, offers another 13,317 square feet, 10+ parking spaces, a dock-high door with a hydraulic leveler, a 10' x 12' roll-up door, and three dedicated entrances. Ceiling heights range from 9 to 10.5 feet. Both levels benefit from new security features, including a perimeter swing gate. The property also includes 25+ parking spots in total. Its convenient location, one block from the Takoma Park (Red Line) Metro platform, and proximity to new multi-family residences and retail establishments, enhance its appeal. A generous tenant improvement allowance is available for qualified commercial tenants with a preferred lease term of five years or more. The MU-4 zoning allows for significant additional development potential, making this an ideal covered land play.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1949
Construction BRICK
Total area 29,244 SF
Lot 0.46 ac (20,117 SF)
Zoning code MU-4
APN 3355 0811
UPID US16-0077041

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

300 Vine St NW, Unit 1 Washington, DC 20012
Washington metro Census 1702 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$2.82M

Owner & transaction history

since 2019
3 recorded transactions
2019
$3.6M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MU-4 · Washington, DC
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,…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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