624 N Washington Street

Description

Investment opportunity for sale with two quality tenants in placeDental practice on first and second floors, florist on lower levelDental practice has a lease expiration in December 2023 with 1 5-year option to renewFlower shop currently month to month, has occupied lower level for 10+ yearsFlorist lower level month to month, paying $1,647/month flatDental practice pays share of gas and electric, landlord currently reimburses one third of utilitiesTwo private parking spaces in rear, accessed via alleyOC zoning allows for one to two apartment dwelling units as accessory use over commercial useOpportunity to convert first and second floors to residential use while maintaining flower shop in lower level for additional incomeCustom wrought iron stairs in frontHardwood floors throughoutCurrently set up to support dental practiceKitchen or lab space on second floorCovered deck on second floorHalf bath on lower level, full bath on second floorTwo private parking spaces in rear, accessed via alleyAmple amenities within walking distance, including Trader Joes, FedEx, multiple restaurantsLocated in the rapidly developing OTNTwo stoplights from the GW Parkway for quick access to Washington D.C.5 blocks to Braddock Road Metro, 6 blocks to King StreetHigh visibility location, opportunity for building signage