809-811 L St Washington, DC 20003
- Retail properties
- 4,644 SF
Current Use by Public Records
- Retail properties
Property Details for 809-811 L St
- Property size
- 4,644 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use investment opportunity in Washington, DC's Capitol Riverfront neighborhood comprises four contiguous buildings totaling 4,644 square feet, situated on Virginia Avenue SE and L Street SE. The portfolio includes a vacant three-level office unit (2,304 sq ft) and a lower-level office unit, both located at 809-811 Virginia Avenue SE, offering significant owner-user potential. Additionally, 808-810 L Street SE features three multifamily units and a small retail space currently leased to a tailor on a month-to-month basis. Two of the multifamily units are leased (a 2BR/1.5BA and a studio), while a recently renovated 2BR/1.5BA unit is currently vacant. The property benefits from its strategic location near Barracks Row, offering easy access to I-695, multiple Metro stations, and Metrobus stops, ensuring convenient commutes to downtown Washington, D.C., Northern Virginia, and Prince George's County, Maryland. The current occupancy rate is 34%, presenting a chance to increase rental income and maximize return on investment. The asking price is $2,200,000, with a price per square foot of $473.73. The property sits on a 1,689 sq ft lot and is zoned NMU-7B/ES. This unique offering presents a compelling opportunity for an owner-user to occupy a portion of the property while leveraging rental income from the remaining units to offset expenses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -76.9943
- Latitude
- 38.8781
