1625 N Capitol St NE - Storefront Retail/Residential FOR SALE


Washington, DC 20002
$900,000 USD
202-318-6800
1625 N Capitol St NE, Washington, DC for Sale
$900,000 USD
Storefront Retail/Residential - FOR SALE
1/13
null | Request Cap Rate

1625 N Capitol St NE
Washington, DC 20002


HIGHLIGHTS

  • Repositioning Opportunity with Full- and Partial-User Optionality
  • One Retail Unit with Two 1BR/1BA Multifamily Units Above
  • Retail Tenant is Month-To-Month | One of Two Multifamily Units is 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

OVERVIEW

Feldman Ruel Urban Property Advisors 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 attractiveness of the retail frontage as well as the premium multifamily voucher rents available in the submarket. Alternatively, the low price point and month-to-month tenants also allow 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.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Lincoln Rd NE

LAND ACRES

0.02 AC

LAND SF

742 SF

ZONING

MU-4

APN/PARCEL ID

3514-0801

ASK ABOUT THIS PROPERTY

Josh FeldmanFeldman Ruel Urban Property Advisors, LLCMore Info
202-318-6800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Josh FeldmanFeldman Ruel Urban Property Advisors, LLCMore Info
202-318-6800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.