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- LoopNet Team
427 8th St SE
Washington, DC 20003
Retail Property For Sale
PROPERTY FACTS
Amenities
- Bus Line
- Conferencing Facility
- Metro/Subway
- Tenant Controlled HVAC
About 427 8th St SE , Washington, DC 20003
The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 425-427 8th Street SE in Washington, D.C.’s Barracks Row. The property is a two-story, 4,589-square foot building situated on a 2,874-square foot lot. Located in the Barracks Row section of Capitol Hill,425-427 8th Street SE represents an opportunity for a value-add investor or an opportunistic owner-user to acquire a commercial property in one of the District’s most desirable and stable submarkets. The retail portion of the property consists of two units. 425 8th Street SE is currently leased to Bank of America, which is in year seven of a ten year lease with two five year option periods. 427 8th Street SE is a vacant 1,362-square foot commercial space. The unit is in warm shell condition with HVAC and sprinkler system installed, so minimal work is required to create a usable space. The second floor office space above is 100% leased The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 425-427 8th Street SE in Washington, D.C.’s Barracks Row. To the headquarters of Divine Chocolate, a popular chocolatier. They recently executed a five-year lease with one five-year option period. Divine Chocolate is uniquely structured, as the company is co-owned by the 85,000 farmers members of Kuapa Kokoo, the cooperative in Ghana that supplies the cocoa for each bar of chocolate. The subject property is located along the Barracks Row stretch of Capitol Hill’s 8th Street SE. Barracks Row is home to the United States Marine Barracks, and is famous for its retail and restaurant scene. Less than two blocks from the property is 700 Penn at Eastern Market, formerly the Hine School redevelopment project, which is anchored by Trader Joe’s and includes 61,000 square feet of retail space, 150,000 square feet of office space, 162 residential units, and an underground parking garage with 390 spaces. 425-427 8th Street SE is located one block from the Eastern Market Metro station and in close proximity to Eastern Market itself, 0.7 miles from the Capitol South Metro station, 0.8 miles from the Potomac Avenue Metro station, and just over one mile from the Stadium-Armory Metro station.
PROPERTY TAXES
Parcel Number | 0902-0037 | Improvements Assessment | $1,256,990 |
Land Assessment | $762,360 | Total Assessment | $2,019,350 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 13744538
Date on Market: 9/10/2018
Last Updated:
Address: 427 8th St SE, Washington, DC 20003
The Retail Property at 427 8th St SE, Washington, DC 20003 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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