409 E Capitol St SE
Washington, DC 20003
Retail Property For Sale

The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 409 East 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 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 second level of the property is a two-bedroom/one-bathroom apartment unit which is currently leased through July 31st, 2020. The unit has excellent natural light throughout, hardwood floors, and a stairwell leading to a rear patio area. The unit has been well maintained, only requiring minor cosmetic upgrades in order to achieve top-of-the-market rents. 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 upleg. 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.