4719-4721 Sheriff Road NE & 930 47th Place NE

Washington, D.C. 20019

Offering Memorandum

The Offering

Summary

  • List Price $1,500,000
  • Combined GBA 6,373 SF
  • MU-3A Zoning
  • Deanwood Neighborhood
  • Product Type - 4719 Retail
  • Product Type - 4721 & 930 Mixed-Use
  • Year Built 1924
  • Occupancy 39%
  • Combined Lot Size 6,135 SF
  • Combined Street Frontage 64'05"

Investment Summary

Feldman Ruel is pleased to present 4719-4721 Sheriff Road NE & 930 47th Place NE in the Deanwood neighborhood of Washington, D.C. The two retail properties may be purchased together or separately. 4719 Sheriff Road NE is a one-level, 2,610-square-foot retail building. 4721 Sheriff Road NE, a retail unit leased until the end of August 2024, and 930 47th Place NE, a second-level unit suitable for multifamily or office use, make up a two-level, 3,763-square-foot, corner building. 4721 Sheriff Road NE is leased until August 31, 2024 by SK Quality Services-US CORP., a medical cannabis dispensary. 4719 Sheriff Road NE and 930 47th Place NE are both ideal for a user or investor with a tenant in hand as each space will be delivered vacant at closing. A new owner has the flexibility to immediately lease or occupy any combination of the two units across both properties in order to generate revenue as a landlord or occupy for their own business. 4719 Sheriff Road NE offers on-site parking for two vehicles at the rear of the lot, accessible via the public alley along 47th Place NE and 47th Street NE. 4721 Sheriff Road NE & 940 47th Place NE were renovated between 2017-2019 and features new HVAC, mechanicals, drywall, security system, and other improvements. This offering represents an opportunity to acquire two contiguous retail properties on a corner in both Opportunity and HUB Zones.

Investment Highlights

• Ideal for an Owner-User or Investor with a Tenant-in-Tow

• Approximately $1.7M in Recent Capital Improvements

• Two Contiguous Buildings Across Three Legal Lots which can be Purchased Together or Separately
• MU-3A Zoning Classification Allows for a Wide Range of Permitted Uses

• Corner Location with Potential for Two On-Site Parking Spaces

• Less than 1 Mile from Deanwood and Minnesota Avenue Metro Stations

Listing Agents

Ryan Smith

Ryan Smith

Associate Director
Direct: (202) 318-6808
Josh Feldman

Josh Feldman

Managing Principal
Direct: (202) 318-6833
Ian Ruel

Ian Ruel

Managing Principal
Direct: (202) 318-6844
Brandon Cardwell

Brandon Cardwell

Investment Associate
Feldman Ruel
(240) 932-0015