5/11/2009

Washington mixed-use property listed for $12.5M

by

The New Amsterdam

The New Amsterdam, a retail and multi-family structure in the Columbia Heights neighborhood of Washington, D.C. has been listed for $12.5 million, or $166 per square foot.

Marcus & Millichap is representing the seller of the 75,375-square-foot structure, which includes 43,000 square feet of retail space on the ground level and 90 residential units. The residential units, which are 99 percent occupied, are not rent controlled.

Located at 2701 14th St. NE, the building is four blocks from the Columbia Heights Metro Station and the DC USA Shopping Center. Built in 1950, The New Amsterdam has received numerous capital improvements, including a new roof covering the retail space in 2007 and main roof replacement in 2008. The lobby was renovated and remodeled in 2008. The residential units will also be renovated as they become vacant.

Address: 2701 14th St., NE, Washington, D.C.

Size: 43,000 square feet/90 units

Built: 1950

---

Filed Under: Mixed Use

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009