707-709 8th St SE - Storefront Retail/Office FOR SALE


Washington, DC 20003
$3,900,000 USD
202-741-1676
707-709 8th St SE, Washington, DC for Sale
$3,900,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | 7.81% Cap Rate

707-709 8th St SE
Washington, DC 20003


HIGHLIGHTS

  • Eastern Market/Barracks Row provides retail/office opportunities in one of DC's most popular destinations for community and tourists.
  • One of largest service/retail/restaurant frontages at Eastern Market/Barracks Row and Capitol Hill
  • One of the top destinations in the the city for residents and tourists with steps to Metro stop, bus, and expressway provide easy access.
  • Barracks Row Main Street and active Capitol Hill Chamber of Commerce provides support, promotional events, district grants and services
  • Residential Historic District one of the top neighborhoods in the region.
  • Strong community support for it's own commercial businesses

OVERVIEW

NEW PRICE OFFERING Extremely well located larger mixed use property in the heart of the Capitol Hill commercial district. Steps to not only Eastern Market Metro and the Capitol Building it is nestled amidst the bustling shops and restaurants of Barracks Row across from the world famous U.S. Marine Barracks established in 1801. 707-709 8th St S.E. is a unique earlier combination of two properties, which results in very rare open 1st floor of over 2500sf of renovated street floor space for restaurant, day care center, gym medical affiliation , large office HQ or any business or service that looks for great curb appeal, location or street exposure on one the busiest commercial corridors in SE. The entire property has been fully renovated with 2 very large office dedicated office, additional floor for multi apartment or offices and lower floors in this exceptional and flexible 7000sf+. 80% Vacant with upper floor office occupied at $5k monthy (negotiable) Note not warranted: building may have development potential for additional square footage within existing structure or expansion in addition to possibility of parking in rear of lot. Property is currently 80% Vacant and or possibly 100% if buyer requires. Very few commercial properties offer this flexibility in location, size, or usage. Showing and materials available . See Disclaimer

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

7.81%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Barracks Row

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Day Care Center, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

MU-25

APN/PARCEL ID

0904-0826,0904-0828

ASK ABOUT THIS PROPERTY

Charles (Chuck) BurgerColdwell BankerMore Info
202-741-1676

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Charles (Chuck) BurgerColdwell BankerMore Info
202-741-1676

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