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Cathi Powell

cpowell@mdhomelife.com +1(410) 419-5550

$ 1,300,000

Est. payment -/mo

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Active

7305 GEORGIA AVE NW Washington, DC 20012

2,213 SqFt

UPDATED:

08/14/2024 10:12 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,213 sqft

Price per Sqft $587

Subdivision Brightwood

MLS Listing ID DCDC2093162

Originating Board BRIGHT

Year Built 1927

Annual Tax Amount $8,831

Tax Year 2023

Lot Size 1,571 Sqft

Acres 0.04

Property Description

PRICE ADJUSTMENT! Established, modern 2-level multi-use building located in a prime business location with booming development all around. Prominently situated within walking distance to the all-new multi-phase development; The Parks at Historic Walter Reed with a new Whole Foods Market. The Parks is a major, one billion dollar project in development. Strong potential for increased foot traffic and values as part of the vibrant and progressing Brightwood neighborhood. This turn-key property is subject to one residential lease ending 2/29/2024. The retail space is vacant. The updated storefront unit is built out into a hair salon that originally opened in 1999 and remodeled in 2012. It features a large open space with LVP flooring, modern lighting, 6 stylist stations, an esthetician station, 3 shampoo stations and multiple hair drying stations, a half bath, and a staff lounge/storage area. The upper level offers a fully remodeled open floor plan unit with 2 bedrooms, Den, 1 full bath, an attractive open kitchen with stainless steel appliances (two ovens), granite countertops, large center island with granite, hardwood floors, stacked washer and dryer, trendy metal stair railing – urban charm! The exterior offers a large private deck, 1 parking space in the rear of the building and ample street parking. There is also a basement area where the utilities are housed. Units are separately metered. This offering is a rare opportunity to acquire a self-sufficient real estate investment with strong property management. Are you a seasoned stylist or barber and ready to step into your destiny of salon ownership – do not miss this fantastic opportunity! Become an owner occupier, live upstairs and work while running your salon or other business downstairs. Property being sold AS-IS. Weekend showings require 24 hours’ notice. All showings by appointment.

Location

State DC

County Washington

Zoning MU-4

Interior

Hot Water Natural Gas

Cooling Central A/C, Ceiling Fan(s)

Flooring Luxury Vinyl Plank, Wood

Inclusions All salon fixtures

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Utilities Available Cable TV, Electric Available, Natural Gas Available, Phone Available, Water Available

Waterfront N

Water Access N

View City, Street

Accessibility None

Parking Type Driveway

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 2964//0027

Ownership Fee Simple

SqFt Source Assessor

Security Features Main Entrance Lock,Smoke Detector,Electric Alarm,Carbon Monoxide Detector(s)

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

Listed by Nyya Wellington Bance • Long & Foster Real Estate, Inc.

Cathi Powell

Realtor, Team Lead | License ID: MD-587850

+1(410) 419-5550

Cathi Powell

7305 GEORGIA AVE NW Washington, DC 20012

Key Details

Location

Interior

Exterior

Building

Schools

Others

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7305 GEORGIA AVE NW