700 MONROE STREET NE Washington, DC $ 18,000,000
700 MONROE STREET NE
$ 18,000,000
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700 MONROE STREET NE

Washington, DC, 20017
$ 18,000,000
Bedrooms-- Baths0.0 Sq 19,279

Monthly Estimate*

$ 112,297

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Commercial Property for sale in Washington, DC

for $18,000,000. This 19,279 square foot building was built in 1981 on a lot size of 0.43 Acre(s).

A Developers Dream has just hit the MARKET!!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 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.

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Commercial Active

Price

$ 18,000,000

Property Type

Commercial

Taxes

$ 115,665

Style

Mixed Use

Lot Size

0.43 Acre(s)

Year Built

1981

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2019030

Features
Interior
Cooling System Central Air Electric Cooling
Heating Source Natural Gas
Heating System Forced Air Hot Water Heater: Gas
Interior Elevator(s)
Sewer Public Sewer
Water Source Public Water
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Exterior
Construction Brick
Driveway Driveway
Parking Lighted Parking Off Site Parking On Street Parking Paved Unassigned Parking
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Miscellaneous
Location Near Airport
Public Transportation Location Close to Bus Near Subway
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* Excluded Features
List By
Ttr Sotheby's International Realty

Broker

smuhammad@ttrsir.com

Email

Affordability Calculator

$121,935
Per Month
92%
8%
0%
Monthly Principal & Interest
$112,297
Monthly Property Taxes
$9,639
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
DISTRICT OF COLUMBIA PUBLIC SCHOOLS School District
Pricing History
DatePricePrice ChangeDescription
2/7/2023$18,000,000 -10.00% Price Down
10/11/2022$20,000,000 Listed Price

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700 MONROE STREET NE, Washington, DC, 20017 is a Commercial Property for sale at $18,000,000 with 19,279 sqft and a lot size of 0.43 Acre(s). 700 MONROE STREET NE has 0.0 baths and was built in 1981. The property's zip code is 20017 which is in Washington, DC