700 Monroe Street NE Washington, DC $ 16,000,000
700 Monroe Street NE
$ 16,000,000
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700 Monroe Street NE

Washington, DC, 20017
$ 16,000,000
Baths0.0 Sq 27,548

Monthly Estimate*

$ 106,341

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Studio

Commercial Property for sale in Washington, DC

for $16,000,000. This 27,548 square foot building was built in 1981 on a lot size of 0.43.

(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.

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Commercial Active

Price

$ 16,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 115,665

Style

School,Professional,Hair Salon and Spa,Day Care Fa

Lot Size

0.43

Year Built

1981

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2019030

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
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General
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 N
Property Type Commercial Sale
Subdivision Name BROOKLAND
Water Access Y/N N
Status ACTIVE
Directions The Property Sits on the corner of Monroe NE & 7th Street NE.
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
Waterfront Y/N N
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 N
Vacation Rental Y/N N
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 N
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Exterior
Parking Features Paved Parking Lighted Parking Unassigned
Water Source Public
Type of Parking Off Site On Street Driveway
Water View Y/N N
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 N
Water Oriented Y/N N
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Internal Only
Street Number 1 700
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* Excluded Features
List By
Ttr Sotheby's International Realty

Broker

smuhammad@ttrsir.com

Email

Affordability Calculator

$115,980
Per Month
92%
8%
0%
Monthly Principal & Interest
$106,341
Monthly Property Taxes
$9,639
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/10/2024$16,000,000 Listed Price

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700 Monroe Street NE, Washington, DC, 20017 is a Commercial Property for sale at $16,000,000 with 27,548 sqft and a lot size of 0.43. 700 Monroe Street NE is a studio with 0.0 baths and was built in 1981. The property's zip code is 20017 which is in Washington, DC