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1631 N Capitol St NE 3,147 SF Vacant Retail Building Washington, DC 20002 $619,831 CAD ($196.96 CAD/SF)
Investment Highlights
- Full- or Partial-User Optionality | Delivered 100% Vacant at Closing
- Nearby Sales of Operating Properties Exceed $400 Per SF
- Located Along a Heavily Trafficked Commuter Corridor
- Opportunity to Reconfigure the Asset | Cold Dark Shell Condition
- MU-4 Zoning Allows for Retail, Office, & Residential Uses
- Less than 1 Mile from the 25-Acre McMillan Reservoir Redevelopment
Executive Summary
Feldman Ruel is pleased to exclusively offer for sale 1631 North Capitol Street NE, a four-level commercial property that was most recently configured as ground-level retail with multifamily units above. The subject property will be delivered vacant and requires a full gut renovation, providing a purchaser the opportunity to reconfigure the asset. 1631 North Capitol Street NE is surrounded by development activity, including the transformation of the former McMillan Reservoir into the Reservoir District. This 25-acre project is planned to include approximately 600 residential units, one million square feet of healthcare space, and more than 75,000 square feet of retail along the North Capitol Street corridor. There is significant upside for an investor or owner-user willing to preform the renovation, as evidenced by surrounding development activity and nearby recent sales of operating properties which can exceed $400 per square foot.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,147 SF
Building Class
C
Year Built
1900
Price
$619,831 CAD
Price Per SF
$196.96 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.54
Lot Size
0.02 AC
Zoning
MU-4 - mixed use commercial
Frontage
22’ on Capitol St
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3514-0003 | Improvements Assessment | $545,962 CAD |
| Land Assessment | $98,151 CAD | Total Assessment | $644,114 CAD |
Property Taxes
Parcel Number
3514-0003
Land Assessment
$98,151 CAD
Improvements Assessment
$545,962 CAD
Total Assessment
$644,114 CAD
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1631 N Capitol St NE
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