Description
Prime commercial property for sale in the heart of Capitol Hill! The current tenant is an extremely successful dentist operating in the space for over 10 years. This acquisition presents a great passive income opportunity for investors, or for another dental or medical professional seeking to establish or expand their practice in a thriving neighborhood. The property is under a gross lease at approximately $63/sqft, generating an annual income of $57,414.38 as of 10/01/2023, presenting an excellent cap rate of approximately 8%. This corner lot boasts exceptional visibility into the first floor - a key feature for attracting new clients to the business. Easy street parking and proximity to Eastern Market Metro make this property even more compelling. Don't miss out on the chance to own a commercial space in one of the District+GGs most sought-after areas. Reach out today to schedule a showing!
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Description
Prime commercial property for sale in the heart of Capitol Hill! The current tenant is an extremely successful dentist operating in the space for over 10 years. This acquisition presents a great passive income opportunity for investors, or for another dental or medical professional seeking to establish or expand their practice in a thriving neighborhood. The property is under a gross lease at approximately $63/sqft, generating an annual income of $57,414.38 as of 10/01/2023, presenting an excellent cap rate of approximately 8%. This corner lot boasts exceptional visibility into the first floor - a key feature for attracting new clients to the business. Easy street parking and proximity to Eastern Market Metro make this property even more compelling. Don't miss out on the chance to own a commercial space in one of the District+GGs most sought-after areas. Reach out today to schedule a showing!
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