1707 Capitol NE St Washington, DC 20002

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.