1625 N Capitol St NE
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1625 N Capitol St NE
2,225 SF Vacant Retail Building Washington, DC 20002 $900,000 ($404/SF)
Investment Highlights
- Repositioning Opportunity with Full- and Partial-User Optionality
- Retail Tenant is Month-To-Month | One of Two Multifamily Units is Vacant
- Flexible Zoning Allows for a Wide Variety of Uses Including Retail, Office, and Multifamily
- One Retail Unit with Two 1BR/1BA Multifamily Units Above
- Possibility of Outdoor Seating with a Public Space Permit
- Situated Along a Major Commuter Corridor | Traffic Count of 48,000 VPD
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,225 SF
Building Class
C
Year Built
1900
Price
$900,000
Price Per SF
$404
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.00
Land Acres
0.02 AC
Zoning
MU-4
Frontage
26 FT on Capitol St
Amenities
- Signalized Intersection
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (96)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 3514-0801 | Improvements Assessment | $333,690 |
Land Assessment | $56,380 | Total Assessment | $390,070 |
PROPERTY TAXES
Parcel Number
3514-0801
Land Assessment
$56,380
Improvements Assessment
$333,690
Total Assessment
$390,070
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1625 N Capitol St NE
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