409 E Capitol Street SE

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, mixed-use commercial property in one of Washington, D.C.s most desirable and stable submarkets. Both the first floor unit (previously used as office), and second level unit (two bedroom apartment) are vacant currently. The second floor unit has excellent natural light throughout, hardwood floors, and a stairwell leading to a rear patio area. This property is pre-approved for 60% lot occupancy and one additional floor. If you are looking to expand and the preapproval will be passed on to new buyer. 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 Districts 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 Joes-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.