1625 Capitol NE St Washington, DC 20002-2478

Property Details for 1625 Capitol NE St

Year built

1900

Construction

BRICK

Lot size

0.02 lot acres

Property size

2,225 SF

Zone code

MU-4

Property type

Retail space

APN

3514 0801

APU

35140801

Description

This exceptional mixed-use property at 1625 N Capitol Street NE, Washington, DC 20002, presents a compelling investment opportunity. The four-story, 2,225 square foot building, constructed in 1900, sits on a 719 square foot lot (APN 3514-0000-0801) and is zoned MU-4, offering flexible usage options. Currently, the building comprises one retail unit with a month-to-month lease and two vacant one-bedroom, one-bathroom multifamily units above. With 33% occupancy, this property offers significant upside potential for repositioning. The prime corner location along a developing commuter corridor boasts high visibility and substantial traffic (48,000 vehicles per day). The low asking price of $900,000 allows for various strategies, including full or partial building usage, capitalizing on the attractive retail frontage and the high demand for multifamily units in this submarket. The possibility of outdoor seating with a public space permit further enhances the property's appeal. This is an ideal opportunity for investors seeking a repositioning project with flexible zoning allowing for retail, office, or multifamily uses.