Address
700 Monroe Street NE, Washington, DC
Price
$ 16,000,000
Property Attributes
- MLS#DCDC2019030
- TypeCommercial
- CountyWASHINGTON
- CityWashington
- NeighborhoodBrookland
- Zip20017
- StyleSchool,Professional,Hair Salon and Spa,Day Care Fa
- Year Built1981
- Taxes$ 115665
- Price$ 16,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage27548
- Lot Size0.43 Acres
Data Source:
Bright MLS
Property Description
(Pending Release ) A Developers Dream has just hit the MARKET!! Zoning is n Process for MU2, 90 Feet, FAR 6.0 or 7.2 if Residential . Just a two-minute walk from the Brookland-CUA Metro Station, 700 Monroe Street Northeast is the last parcel in Brookland for major redevelopment. One block away from Catholic University, there has been an influx of development within a one-block radius adding over 500 rental units with 2-bedroom units starting at $3400 -5500 per month. Brookland, also known as Little Rome, is a neighborhood located in the Northeast (NE) quadrant of Washington, D.C. It is best known for its numerous Catholic institutions, including schools, religious communities, shrines, institutes, and other organizations built and based around the Catholic University of America. Recent redevelopment projects within a one-block radius have produced several six-level buildings with the largest featuring 310 rental units with ground-floor retail and restaurants. The Brookland submarket having a smaller town neighborhood vibe close to Downtown D.C. has been experiencing a massive influx of development over the last decade. With notable projects such as the Monroe Street Market (three separate and distinct buildings), Brookland Artspace Lofts, Hanover 8th, and RIA development on Rhode Island Avenue this is a highly sought-after area for redevelopment. The most unique development is directly next door and features 152 rental units and 26 dedicated artist spaces which hosts numerous events including the weekly Farmer's Market.
| Price History | |
|---|---|
| 5/10/2024 | Listed $16,000,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | 90% Forced Air |
| Cooling | Central A/C |
| Possession | 31-60 Days CD |
| Zoning | MU-3A |
| Security Features | Electric Alarm,Monitored |
| Construction Materials | Brick |
| Year Built | 1981 |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | School,Professional,Hair Salon and Spa,Day Care Facility |
| Accessibility | Elevator |
| County | WASHINGTON |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | BROOKLAND |
| Water Access Y/N | No |
| Property Use | Owner User |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile,Commuter Rail Station 1 to 5 miles |
| Status | ACTIVE |
| Directions | The Property Sits on the corner of Monroe NE & 7th Street NE. |
| ModificationTimestamp | 2024-05-10T17:03:39 |
| City | WASHINGTON |
| Buyer Agent Compensation | 1 |
| Disclosures | None |
| Zoning Description | The MU-3A and MU-3B Zones are mixed-use zones intended to be applied throughout the city consistent with the density designation |
| Total Units | 1 |
| Lot Size Square Feet | 18570.00 |
| Tax Assessed Value | 6695180.0 |
| Waterfront Y/N | No |
| Street Name | MONROE |
| Tax Annual Amount | 115665.0 |
| Property Condition | Good |
| Price Per Sq Ft | 829.92 |
| Acceptable Financing | Cash,Private,Joint Venture,Conventional |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 468 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | BROOKLAND |
| Tax Lot | 827 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Paved Parking,Lighted Parking,Unassigned |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 27 |
| Type of Parking | Off Site,On Street,Driveway |
| Water View Y/N | No |
| Building Area Total | 19279.00 |
| Lot Size Acres | 0.43 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Soil Types | Unknown |
| Land Assessed Value | 1745950.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| Car Parking Spaces | 27 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 20017
Price
Taxes
Visits
Year Built
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