The subject property is a two-story, 1,746-square foot building situated on an 1,800 square foot lot. Located in the Capitol Hill neighborhood, 409 East Capitol Street SE represents an opportunity for a savvy investor to acquire a 100% leased, mixed-use commercial property in one of Washington, D.C.’s most desirable and stable submarkets. The subject property is a two-story, 1,746-square foot building situated on an 1,800 square foot lot. Located in the Capitol Hill neighborhood, 409 East Capitol Street SE represents an opportunity for a savvy investor to acquire a 100% leased, mixed-use commercial property in one of Washington, D.C.’s most desirable and stable submarkets. The first floor commercial space currently leased through Aug of 2023. The second level of the property is a two-bedroom/one-bathroom apartment unit which is currently leased through the end of 2023. The unit has excellent natural light throughout, hardwood floors, and a stairwell leading to a rear patio area. As there is only one residential unit, the sale of 409 East Capitol Street SE will not be subject to the Tenant Opportunity to Purchase Act (“TOPA”). Without any extended statutory timeline necessary, this opportunity is well suited for all types of investors including those in search of a 1031 exchange up leg.
The subject property is located along East Capitol Street in Capitol Hill, one of the District’s most affluent and stable neighborhoods. The submarket itself offers numerous tourist attractions such as the Library of Congress, the United States Capitol Building, and United States Supreme Court. The subject property
benefits from its close proximity to Barracks Row, home to the United States Marine Barracks, and well-known for its retail and restaurant scene which has
exploded over the last decade. 409 East Capitol Street SE is also close to Eastern Market and the Trader Joe’s-anchored Hine School redevelopment project which is known as 700 Penn at Eastern Market. Additionally, the subject property is approximately one half mile from the Capitol Hill South and Eastern Market Metro Stations, and one mile from Union Station.