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1240 Pennsylvania Ave SE 2,471 SF Vacant Retail Building Washington, DC 20003 $1,050,000 ($424.93/SF)
Investment Highlights
- Full- or Partial-User Optionality | Delivered 100% Vacant
- MU-4/CHC Zoning Allows for Retail, Office, & Residential Uses
- Less than 3 Blocks from the Potomac Avenue Metrorail Station
- Former Veterinary Clinic with Medical Office Buildout
- Extremely Stable Highly Amenitized Neighborhood
- Within 1 Block a Capital Bikeshare Docking Station | Easily Accessible via I-695, I-295, & I-395
Executive Summary
Feldman Ruel is pleased to offer for sale or lease 1240 Pennsylvania Avenue SE, a three-level retail/office property situated along Capitol Hill's main commercial corridor. Delivered vacant, the subject property provides an opportunity for a full or partial user to immediately occupy the space upon sale. 1240 Pennsylvania Avenue SE is zoned MU-4/CHC, which permits a broad range of retail, office, and residential uses, providing flexibility for a variety of ownership and tenant executions. Located near Barracks Row and Eastern Market, the subject property benefits from a concentration of established retail and service providers within one of Washington, D.C.'s most stable and highly educated submarkets. 1240 Pennsylvania Avenue SE is just a few blocks from both the Potomac Avenue and Eastern Market Metrorail stations, just steps from a Capital Bikeshare docking station, and minutes from I-695, I-395, and I-295, providing convenient accessibility throughout the District and the greater metropolitan area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,471 SF
Building Class
C
Year Built
1900
Price
$1,050,000
Price Per SF
$424.93
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.11
Lot Size
0.03 AC
Zoning
MU-4/CHC
Frontage
16’ on Pennsylvania Ave
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1019-0017 | Improvements Assessment | $596,650 |
| Land Assessment | $374,960 | Total Assessment | $971,610 |
Property Taxes
Parcel Number
1019-0017
Land Assessment
$374,960
Improvements Assessment
$596,650
Total Assessment
$971,610
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1240 Pennsylvania Ave SE
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