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$20,000,000
700 Monroe St NE, Washington, DC 20017
0 Beds
0 Baths
n/a SqFt

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Listing Provided By Ttr Sotheby's International Realty
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.
  • Price:
  • $20,000,000
  • Acreage:
  • 0.43
  • Year Built:
  • 1981
  • Listing ID #:
  • DCDC2019030
  • Street Address:
  • 700 Monroe St NE
  • City:
  • Washington
  • State:
  • District Of Columbia
  • Postal Code:
  • 20017
  • County:
  • Washington
  • Subdivision:
  • Brookland
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
School District: District Of Columbia Public Schools
  • Building Condition:
  • Good
  • Building Security:
  • Electric Alarm, Monitored
  • Ease Of Access:
  • Elevator
  • Number Of Units:
  • 1
  • Year Built:
  • 1981
  • Year Built Source:
  • Assessor
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Mu-3a
  • Lot Square Footage:
  • 18570.00
  • 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
  • Days On Market:
  • 110
  • On Market Date:
  • 2022-10-11
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Terms:
  • Cash, Private, Joint Venture, Conventional
  • Cross Street:
  • 7th Street Ne
  • In City Limits:
  • Yes
  • Subdivision:
  • Brookland
  • City Taxes:
  • 115665.00
  • Price Per Square Foot:
  • 1037.40
  • Property Taxes:
  • $115,665
  • Tax Year:
  • 2022
  • Parking Description:
  • Paved Parking, Lighted Parking, Unassigned
  • Parking Spaces:
  • 27
  • Parking Type:
  • Off Site, On Street, Driveway
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Central A/C
  • Existing Water:
  • Public
  • Heating:
  • 90% Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Public Sewer
  • Water Heater:
  • Natural Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Ttr Sotheby's International Realty
  • © 2023 BRIGHT, All Rights Reserved BRIGHT

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