Property profile

5532 Connecticut NW Ave Washington, DC 20015

OFF-MARKET
Drive through restaurants
Property ID
US16-0064731
1,976 SF 0.14 ac lot Built 1923
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

Commercial land in Chevy Chase is situated on a signalized corner with prominent visibility along Connecticut Avenue, which has an average daily traffic count of 31,073 vehicles. The property includes a free-standing pylon sign and nine on-site parking spaces, and it previously accommodated the American City Diner; the interior structure has been demolished. The site is associated with approximately 3,100 square feet and includes a large outdoor patio area. The property is zoned MU-3 (Mixed Use) and is configured for uses consistent with a delivery hub, with access to a defined 10-minute drive area.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1923
Construction BRICK
Total area 1,976 SF
Lot 0.14 ac (6,048 SF)
Zoning code MU-3A
APN 1859 0034
UPID US16-0064731

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Employment Agency

Location

5532 Connecticut NW Ave Washington, DC 20015-2610
Washington metro Census 1100 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2020
Price N/A

Zoning & alternative use

MU-3A · Washington, DC
Zoning description

This zone provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit residential development at varying densities.

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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