707 8Th St SE Washington, DC 20003

3,936 SF 0.05 ac lot Built 1908

Individually Owned Absentee Owner Free & Clear

Property ID

US16-0068191

$2,985,000 3,936 SF

707 8Th St SE, Washington, DC 20003
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This exceptional Capitol Hill property, the Kelly Building, presents a rare opportunity for investors and entrepreneurs. Located at 707 8th St SE, Washington, DC 20003, this mixed-use building boasts 7,350 square feet of space across two buildings and three stories. Built in 1912 and renovated in 2000, the property features a desirable Class B designation and is currently vacant, offering unparalleled flexibility for a variety of uses. The zoning is MU4/CHC. The expansive first floor, exceeding 2,500 square feet, is ideal for a restaurant, daycare center, gym, medical facility, or large office headquarters, benefiting from high street visibility on a busy commercial corridor. The upper floors provide additional space suitable for multi-unit apartments or offices. With five units in total and a 10-foot ceiling height, this property offers significant potential. The asking price is $3,900,000, translating to $530.61 per square foot. While the building is currently largely vacant (potentially 100% vacant if desired by the buyer), its prime location steps from Eastern Market Metro and the Capitol Building, nestled among the vibrant shops and restaurants of Barracks Row, ensures high demand. The property's unique configuration, resulting from the combination of two earlier properties, offers a rare opportunity for a large, open floor plan. Potential for additional square footage within the existing structure or expansion, along with the possibility of rear parking, further enhances its appeal. Showings and materials are available.