Active

700 Monroe St NE

Washington DC, 20017

$16,000,000


$829.92 per sqft

Active

19,279 sqft

Commercial

Built in 1981

(Pending Release ) A Developers Dream has just hit the MARKET!! Zoning is n Process for MU2, 90 Feet, FAR 6.0 or 7.2 if Residential .

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 -5500 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.

DCDC2019030

MLS ID

February 15, 2024

Updated

Map

700 Monroe St NE
Washington DC, 20017

Interior Features

Interior Features

Elevator


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.43 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$115,665


Tax Frequency

Annually


Days on Market

413


Garage

No


Parking

On Street


Parking Total

27


View

No


County

WASHINGTON


Water Source

Public


Pool

No


Zoning

The MU-3A and MU-3B Zones are mixed-use zones intended to be applied throughout the city consistent with the density designation


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

1/10/2024

Active

Listed by Shalamar Muhammad, with TTR Sotheby's International Realty
Listing Contact: 3012131348 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/15/2024 at 10:32 PM UTC

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