5320 Georgia Avenue Northwest
Washington, DC 20011
MLS #DC10118820

Commercial
    $1,460,000
    Est. P&I payment: $5576.21/mo
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    Description for 5320 Georgia Avenue Northwest, Washington, DC 20011
    Within the District of Columbia and a short distance in Silver Spring, Maryland, Georgia Avenue is also U.S. Route 29. Both Howard University and the old Walter Reed Army Medical Center now new construction are located on Georgia Avenue. Georgia Ave is the new construction corridor lot's of changes and redevelopment are coming to this area. This is a sought after area don't miss this opportunity.
    MLS #DC10118820
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    My Notes for MLS #DC10118820

    General Features

    • Property Type: Commercial
    • Comm Industrial Type: Retail
    • Zoning Code: 49

    Exterior Features

    • Stories: 3
    • Lot Area Acre: 0.035698
    • Lot Size Area: 1,555
    • Water Front: N
    • Parking: Street
    • Soil Types: Unknown

    Interior Features

    • Gross SQFT: 2,781
    • Net SQFT: 2,781

    Utilities Features

    • Sewer Septic: Public Septic,​Public Sewer
    • Water: Public

    Financial Features

    • Price Per Square Foot: 528
    • Total Taxes: 8,587.1
    • Total Taxes Payment Freq: Annually
    • City Town Tax: 8,587.1
    • City Town Tax Payment Freq: Annually
    • Tax Year: 2016
    • Improvement Assessment Amount: 481,080
    • Improvement Assessment Payment Freq: Annually
    • Land Assessment Amount: 96,570
    • Land Assessment Payment Freq: Annually
    • Total Assessment: 577,650
    • Total Assessment Payment Freq: Annually
    • Assessment Year: 2016
    • Gross Income: 88,800
    • Owner Pays: Taxes-Personal property
    • Seller Desires: 1031 Exchange,​Cash,​Other
    • Rent Special Terms: The rent was not raised for a while many properties in Georgia Ave area are rented for $40 per sqft easily this property can generate 9k -10K per month about 111K per year. At the moment it is making $88,​800 annually here is the break down.Basement:$1000 per month,​ Hookah lounge $2,​500 per month,​Cell Phone $1,​800 per month,​Cafe $2,​100 per month Separate Meter all utilities covered by tenants.

    Community Features

    • City: 10000008016
    • County: Washington
    • HOA: N
    • Vacation Home: N
    • Advertised Subdivision: 16TH STREET HEIGHTS
    • Tax Legal Subdivision: 16TH STREET HEIGHTS

    Misc Features

    • Year Built: 1939
    • Occupied: Yes
    • Tenancy: 1 Year Lease(s),​Month-to-Month Lease(s)
    • Auction: N
    • Foreclosure: N
    • Potential Short Sale: No

    Location

     
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    The listing information for 5320 Georgia Avenue Northwest, Washington, DC 20011 was graciously provided by our friends at the listing brokerage, RE/MAX Allegiance

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    P&I Payment $5576.21
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    Last Updated 04/22/2018 at 2:59am
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