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700 Monroe Street NE

WASHINGTON, DC 20017
  • $20,000,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: DCDC2019030
UPDATED: 78 min ago
$20,000,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1981
County:

School Ratings & Info

Description

A Developers Dream has just hit the MARKET!!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 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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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-03T16:53:55.433.
www.locomusings.com/homes/122906238
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700 Monroe Street NE WASHINGTON, DC 20017

  • Price: $20,000,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 78 min ago
  • ID#: DCDC2019030
0
Beds
0
Baths
0
½ Baths
0.43
Acres
1981
Built
Neighborhood:
Brookland
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
A Developers Dream has just hit the MARKET!!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 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.
Exterior Features

Construction Materials Brick Garage YN No Parking Features Paved ParkingLighted ParkingUnassigned Parking Types Off SiteOn StreetDriveway Property Condition Good Riparian Rights YN No Soil Types Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 19279.00 Cooling Central A/C Heating 90% Forced Air Heating YN Yes Net Square Feet 27548.00 Security Features Electric AlarmMonitored

Property Features

Acceptable Financing CashPrivateJoint VentureConventional Accessibility Features Elevator Assessment Year 2020 Business Type SchoolProfessionalHair Salon And SpaDay Care Facility Central Air YN Yes Cooling Fuel Electric Cross Street 7th Street Ne Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801144053612 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 111426.00 Tax Assessment Amount 6560050.00 Tax Lot 827 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileMetro/Subway Station Less Than 1 MileCommuter Rail Station 1 To 5 Miles Vacation Rental YN No Water Source Public Zoning Mu-3A 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

Listing courtesy of Ttr Sotheby's International Realty.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-03T16:53:55.433.
 
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