1707 Capitol StWashington, DC 20002

Property Details for 1707 Capitol St

Year built

1900

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

2,685 SF

Zone code

MU-4

Property type

Retail properties

Property subtype

Retail space

APN

3513 0007

APU

35130007

Description

This three-story, 2,100 square foot mixed-use building at 1707 N. Capitol Street NE in Washington, DC, presents a compelling value-add investment opportunity. Built in 1900 and renovated in 2018, the property boasts a convenient store, creative office, and storefront configuration, currently vacant. The building features three units, offering flexibility for owner-occupancy and leasing. With a 7.29% pro-forma cap rate and a $76,596 pro-forma NOI, this property offers strong potential for return on investment. The 1,143 square foot lot includes significant unused air rights (3,429 sq ft), allowing for future expansion. Strategically located near three Metro stations (Green, Yellow, and Red lines), the property benefits from high visibility and easy access. The asking price is $1,050,000 ($500/sq ft). The MU-4 zoning permits diverse uses. This fee-simple ownership offers a rare chance to acquire a well-positioned property in a rapidly developing area of Washington, DC.

• CAP approach

  CAP return

  Valuation

  6%

  $1,020,011

  6.5%

  $941,549

  7%

  $874,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,130,023

  Geo Method

  $1,130,023

• Alternative Use

  Use

  Valuation

  Residential

  $794,232

  Hospitality

  $727,512

  Educational

  $605,281

  Medical

  $626,098

  Retail

  $941,549

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9129

Longitude

-77.0087

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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