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508-510 8th Street SE 508-510 8th St SE 4,397 SF 100% Leased Office Building Washington, DC 20003 $1,750,000 ($398.00/SF)
Investment Highlights
- • Well-Maintained Boutique Office Property Comprised of 2 Connected Buildings
- • Full- or Partial-User Optionality | Could Easily be Divided into Multiple Units
- • Average Household Income of $172,940 & Median Home Value of $841,175 within a 10-Minute Walk
- • Can be Delivered Vacant | Current Tenant is on a Short-Term Lease
- • MU-4 Zoning | Allows for Office, Retail, & Residential Uses
Executive Summary
Feldman Ruel is pleased to offer for sale 508-510 8th Street SE, an office property consisting of approximately 4,397 square feet across three levels. The unique layout allows for an owner-user to occupy all or a portion of the building while leasing out any remainder to offset carrying costs. 508-510 8th Street SE provides multiple on-site parking spaces and is located less than 800 feet from the Eastern Market Metro Station, making it a convenient option for commuters. Overall, this offering represents a rare opportunity to acquire a boutique office property along one of Capitol Hill’s most well-known commercial thoroughfares.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,397 SF
Building Class
C
Year Built/Renovated
1900/2016
Price
$1,750,000
Price Per SF
$398.00
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,466 SF
Building FAR
1.76
Lot Size
0.06 AC
Zoning
MU-4/CHC
Parking
2 Spaces (0.45 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 0926-0055 | Improvements Assessment | $1,497,960 |
| Land Assessment | $723,160 | Total Assessment | $2,221,120 |
Property Taxes
Parcel Number
0926-0055
Land Assessment
$723,160
Improvements Assessment
$1,497,960
Total Assessment
$2,221,120
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508-510 8th Street SE | 508-510 8th St SE
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