Capitol Hill Retail
419 8th St SE, Washington, DC 20003
For Sale
$2,300,000
Prime retail asset in the heart of Capitol Hill.
Property Size4,634 SF
Price / SF$496.33
Days on Market222
Property Features for 419 8th St SE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Attractive Assumable Financing: Two loans totaling $2.02MM at a fixed 5% interest rate, with maturities in 2029 and 2035.
Prime Capitol Hill Location: High-visibility positioning along Washington, DC's established 8th Street SE retail corridor
Owner-User Opportunity: Ideal for businesses seeking a prominent retail location with long-term investment potential.
Redevelopment Potential: Flexible property configurations offer opportunities to optimize space and maximize value.
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dany Zhao · License MD #635202
(202) 536-3778
Source:
Marcusmillichap
Added: Apr 3
Changed: Nov 9
Last Checked: Nov 10 at 5:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Washington, D.C.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the heart of the Capitol Hill neighborhood in Washington, DC, 419 8th Street SE offers approximately 4,634 square feet of retail space. The space is evenly distributed between two levels, with each level offering approximately 2,317 square feet. Currently, the ground level is operated as an indoor sports facility, while the improved lower level is utilized as income-producing paid storage. Previously occupied by a full-service restaurant for many years, the existing infrastructure provides a pathway for conversion back to restaurant, bar, or alternative retail use. The property is positioned along the highly trafficked 8th Street SE corridor, surrounded by a mix of established restaurants, neighborhood retailers, and nightlife destinations, making it a focal point within Capitol Hill’s premier retail submarket. This location offers repositioning or redevelopment options for investors seeking upside through lease-up or re-tenanting, as well as for owner-users looking to establish a presence in one of Washington, DC’s sought-after retail corridors.
Key Highlights
- Prime retail location in the heart of Capitol Hill, Washington, DC.
- High‑traffic location on 8th Street SE, surrounded by established restaurants, retailers, and nightlife.
- Features a flexible layout with approximately 4,634 square feet of retail space across two levels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,348
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,486,960
$1.5M
Cap Rate 7%
$1,062,114
$1.1M
Cap Rate 9%
$826,089
$826.1K
Market Conditions
NOI Build-Up for 4,634 SF
Gross rent
$111.2K $24.00/SF
− Vacancy
−$5.0K −$1.08/SF
EGI
$106.2K $22.92/SF
− OpEx
−$31.9K −$6.88/SF
NOI
$74.3K $16.04/SF
Area
Washington, DC
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,486,960
Cap Rate 7%
$1,062,114
Cap Rate 9%
$826,089
Alternative Uses
Best Use
Retail
$1.06M
$929.4K – $1.24M
NOI $74,348 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.09M – $2.78M
NOI $166,851 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,137
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 35%
Home Improvements & Furnishings 3%
Electronics 1%
BP
Shops & Services
9,147 visits/mo
0.1 miles
Starbucks
Dining
8,858 visits/mo
0.4 miles
Sunoco
Shops & Services
8,371 visits/mo
0.4 miles
Bank of America
Shops & Services
7,989 visits/mo
0.5 miles
Jeni's Splendid Ice Creams
Dining
6,636 visits/mo
0.1 miles
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Washington, DC
Properties on Market for Retail space in Washington
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Retail space - Prime retail asset in the heart of Capitol Hill.
Where is this retail space located?
The property is located at 419 8th St SE Washington, DC.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime retail location in the heart of Capitol Hill, Washington, DC.; High‑traffic location on 8th Street SE, surrounded by established restaurants, retailers, and nightlife.; Features a flexible layout with approximately 4,634 square feet of retail space across two levels.
