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729 8th St SE 6,880 SF 100% Leased Retail Building Washington, DC 20003 $4,464,640 CAD ($648.93 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Barracks Row Commercial Corridor, Eastern Market Metro, I295, High Traffic Area
  • 2nd General Medical Office, Excellent Condition, Parking, Flexible Flr Plan with interlocking 4 floors of Rental

EXECUTIVE SUMMARY

Estate Reduction in Price Intent is to have property may be delivered vacant in 60-90 days from acceptable contract of purchase. Purchaser may consider keeping 2nd/3rd floor tenants on month to month. First floor and basement can be delivered vacant by request of purchaser.
MAJOR PRICE ADJUSTMENT....ESTATE SALE 729 8th St S.E. is a three-story, mixed-use building reported built in 1930, most recently renovated and redeveloped in 1981 with additional upgrades through today under professional management and maintenance. Retail Level build out for dental, medical or health practice at a major transportation hub in the District. Layout perfect legal and lobby offices. Flexible usage and floorplan for potential rental of 3 commercial and two rental apartments. It sits on a 6.880 lot with a parking area in rear of property. The building itself has 6400 FSF is list to contain a first floor at retail level of 1450 SF with a connecting 1550SF finished lower floor with separate alley entrance. The upper floors are connected with a separate external staircase with a second floor of two commercial offices of 600SF & 800SF and a third floor of two residential units of 800SF & 600SF. Note: Current Dental office on 1st 1350SF/Lower floor 1550 SF and able to deliver property vacant . Please contact LA for further details and required to be present at all showings FLOORPLANS IN DOCUMENTS 729 8th Street SE is in the commercial corridor of "Barracks Row" on Capitol Hill. Barracks Row Main Street, a government funded organization to promote economic development, has been recognized as one of the best Main Street programs in the U.S. with a blend of restaurants, shops, offices and stores. Centrally located on Capitol Hill it rests next to Eastern Market METRO, Pennsylvania Ave, US Marine Barracks and our Historic Eastern Market. Area also serves as a major transportation hub for Metro, Metro Bus and with convenient access by highway to Virginia and Metro. Eastern Market/Barracks Row is an active and vibrant weekday destination for DC workers in additional to the hundreds of thousands visitors and tourists flooding the area on weekends

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,880 SF
Building Class
B
Year Built
1930
Price
$4,464,640 CAD
Price Per SF
$648.93 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.05 AC
Zoning
MU-25 - Mixed-Use (MU) Zones The Mixed-Use (MU) zones provide for mixed-use developments that permit a broad range of commercial, institutional, and multi-fam
Parking
3 Spaces (0.44 Spaces per 1,000 SF Leased)
Frontage
17’ on 8th St SE

AMENITIES

  • Bus Line
  • Corner Lot
  • Storage Space
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Pure Barre
Bank of America
Matchbox
Safeway
F45
Sport & Health
Orangetheory Fitness
Port City Java
Trader Joe's
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0904-0836
Land Assessment
$676,326 CAD
Improvements Assessment
$2,849,220 CAD
Total Assessment
$3,525,546 CAD
  • Listing ID: 31184509

  • Date on Market: 2024-03-11

  • Last Updated:

  • Address: 729 8th St SE, Washington, DC 20003

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