1625 N Capitol Street NE
Washington, D.C. 20002
The Offering
Summary
- List Price $900,000
- Gross Building Area 2,225 SF
- Zoning MU-4
- Product Type Mixed-Use
- Occupancy 33% (50% Including Sublevel)
- Retail Lease Status Month-to-Month
Investment Summary
Feldman Ruel is pleased to present 1625 N Capitol Street NE, a four-level, mixed-use property located on a corner along a developing commuter corridor. The layout and condition of the property offer an investor the opportunity to reposition the asset in order to capitalize on the attractiveness of the retail frontage. The low price point and month-to-month retail tenant also allows a partial- or full-building user the optionality of locating a business on the first level, living in one or both of the multifamily units, or any combination thereof. As both multifamily units are vacant, this sale is not subject to TOPA.
Investment Highlights
• Repositioning Opportunity with Full- and Partial-User Optionality
• One Retail Unit with Two 1BR/1BA Multifamily Units Above
• Long-Term Retail Tenant is Month-To-Month at a Below-Market Rate
• Sale Not Subject to TOPA | Both Multifamily Units are Vacant
• Possibility of Outdoor Seating with a Public Space Permit
• Flexible Zoning Allows for a Wide Variety of Uses Including Retail, Office, and Multifamily
• Situated Along a Major Commuter Corridor | Traffic Count of 48,000 VPD
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