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15365315
15365331

707 8th St SE, Washington, DC 20003

CB
SP89849
Coldwell Banker Realty
Listed by Coldwell Banker Realty
$2,985,000
825 days on market
Updated 10 days ago

Kelly Building

Details
Property Type Mixed Use, Office (+2)
Sub Type Bank, Day Care/Nursery (+1)
Square Footage 7,350
Net Rentable (SqFt) 7,350
Units 5
Tenancy Single
Lease Type Net
Price per SqFt $406
Broker Co-Op Yes
Class B
Year Built 1912
Year Renovated 2000
Buildings 2
Stories 3
Lot Size (SqFt) 3,532
Zoning MU4/CHC
Parking Spaces spaces
Ceiling Height 10 ft
Ownership Sole
Sale Condition For sale by owner

Mixed Use | 7,350 SqFt

Marketing description

ESTATE SALE BELOW MARKET!! 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 interconnected. This 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. ADDITIONALLY The entire property has been fully renovated with 3 very large office dedicated office rentals on 2nd and 3rd flr ($15000+ income), Potential addition sf. or multi apartment or offices and lower floors in this exceptional and flexible 7000sf+. 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, income, size, or usage. Property pictures and floorplans attached.

Investment highlights

  • Central Location at Capitol Hill’s Eastern Market/Barracks Business
  • Across from U.S. Marines and on Major Traffic Corridor

  • Two Building Inter-Connect-Ability
  • Rare Expansive Street Level Footage on 1st Floor Renovated
  • incredible opportunity in high traffic area for street front retail and offices
  • Perfect for from Playschool, Healthcare to Restaurant and much more!
  • 2nd/3rd Floors with 3 Income Units Producing $15k Plus
  • Multi-Usage Zoning from Rental Property from Residence to Commercial
  • East Access to Expressway and Eastern Market METRO

Listing Contacts

CB
SP89849
Coldwell Banker Realty
Listed by Coldwell Banker Realty

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