568 Lebaum St SE - Storefront Retail/Residential FOR SALE


Washington, DC 20032- Congress Heights
$2,500,000 USD
202-963-0935
568 Lebaum St SE, Washington, DC for Sale
$2,500,000 USD
Storefront Retail/Residential - FOR SALE
1/21
null | Request Cap Rate

568 Lebaum St SE
Washington, DC 20032
Congress Heights


HIGHLIGHTS

  • Existing Retail, Office & Multifamily with Development Potential.
  • MU-4 Zoning: Permits diverse uses, including multifamily, retail, office, and lodging.
  • Located less than one mile from the Congress Heights Metro Station, providing seamless connectivity to Downtown D.C., NoVA and the greater metro area
  • Within walking distance to $500M+ Saint Elizabeth's Redevelopment

OVERVIEW

10,004 SF Mixed-Use Development Potential property. Existing Space: (4) retail storefronts, (1) Office, (1) Triplex currently 33% occupied. When fully leased, the property has the potential to generate $295,000+ per year in gross revenue. Additionally, if you choose to develop the property, it can continue generating income during the entitlement process, ensuring the site remains active and productive throughout the development timeline. The property is situated next to the Saint Elizabeth's Redevelopment- A $500M+ redevelopment project driving the area's revitalization with 1.8M SF of office space, 1,300 residential units, 200K SF of retail, two hotels, and a hospital. The property’s walking distance proximity to the redevelopment site positions it to benefit significantly from increased foot traffic, heightened visibility, and growing demand driven by the ongoing transformation of Saint Elizabeth's Campus. The property is located in a designated Opportunity Zone, offering significant tax benefits to ownership. Additionally, investments in Opportunity Zones can contribute to community revitalization, job creation, and affordable housing, while benefiting from local development incentives. This presents a unique opportunity for long-term wealth building and strategic growth.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Elizabeths Corner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,426 SF

ZONING

MU-4

APN/PARCEL ID

5982-0823

ASK ABOUT THIS PROPERTY

Noble DavisSAMSON PROPERTIES OF DC LLCMore Info
202-963-0935

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Noble DavisSAMSON PROPERTIES OF DC LLCMore Info
202-963-0935

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