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UIP Nabs Two Adam Morgan Properties

WASHINGTON, DC--The properties traded slightly below the suggested asking price.

By Erika Morphy | erikamorphy | Updated on March 07, 2017

1762 Columbia Rd. 1762 Columbia Rd.

WASHINGTON, DC–Two properties in Adams Morgan have traded to the locally-based Urban Investment Partners for a total of $3.2 million. 1752 and 1762 Columbia, both built in 1907, are four-story, four-unit mixed-use properties with off-street parking and street frontage on Adams Morgan’s iconic Columbia Road. The former is a commercial building that is fully occupied; the latter consists of two retail tenants and two apartments, which are vacant. UIP plans to continue operating them as mixed-use retail and office space.

The properties traded slightly below the suggested asking price.

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