$ 1,995,000
-
$1,995,000
Price -
6,580
SqFt -
0.08
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing LNG1 - 6065
NEW NOI 5534 Connecticut Avenue, NW presents investors with an unparalleled opportunity to purchase a fully leased retail property in the highly regarded Chevy Chase neighborhood in Washington, DC. The row house style building has excellent frontage along Connecticut Avenue, just three blocks from Chevy Chase Circle and in a thriving commercial corridor. Dedicated parking is accessible in a rear lot as well as along neighborhood streets. The neighborhood is characterized by a variety of housing styles with high household incomes. The commercial uses include a vibrant mix of local and national retailers with a library, school, grocery store and other conveniences nearby. Commuting is easy with Metro Bus routes along Connecticut Avenue and the Friendship Heights Metro Station less than a mile away. Opal, the restaurant operating at 5534 Connecticut is a neighborhood gem, with a loyal following from close by as well as diners traveling from other parts of the Metro area. The restaurant has several other outposts in the area, including a restaurant Nina May in the Shaw neighborhood of DC and a new restaurant in the Chevy Chae Lake project. Opal’s lease runs through August 2032 and is a triple net lease with the tenant reimbursing the building owner for operating expenses and taxes.
Listing Highlights for 5534 Connecticut Ave NW
Status
Active
Days on Site
24
Property Type
Commercial Sale
MLS ®
DCDC2288412
Year Built
1937
Total Square Footage
6,580
Lot/Acreage
0.08
Interior Details
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: It will allow mixed-use low-density comm & mod.-density residential uses consisting of ground-floor comm and residential above
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street,Off Site,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $29,718
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
5534 Connecticut Ave NW Washington, DC 20015
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
