For Sale
$2,200,000

809-811 L StWashington, DC 20003

Four Buildings, Prime Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use investment opportunity in Washington, DC's Capitol Riverfront neighborhood comprises four contiguous buildings totaling 4,644 square feet, situated on Virginia Avenue SE and L Street SE. The portfolio includes a vacant three-level office unit (2,304 sq ft) and a lower-level office unit, both located at 809-811 Virginia Avenue SE, offering significant owner-user potential. Additionally, 808-810 L Street SE features three multifamily units and a small retail space currently leased to a tailor on a month-to-month basis. Two of the multifamily units are leased (a 2BR/1.5BA and a studio), while a recently renovated 2BR/1.5BA unit is currently vacant. The property benefits from its strategic location near Barracks Row, offering easy access to I-695, multiple Metro stations, and Metrobus stops, ensuring convenient commutes to downtown Washington, D.C., Northern Virginia, and Prince George's County, Maryland. The current occupancy rate is 34%, presenting a chance to increase rental income and maximize return on investment. The asking price is $2,200,000, with a price per square foot of $473.73. The property sits on a 1,689 sq ft lot and is zoned NMU-7B/ES. This unique offering presents a compelling opportunity for an owner-user to occupy a portion of the property while leveraging rental income from the remaining units to offset expenses.

Highlights

  • 809-811 Virginia Avenue SE: 2,304 square feet of vacant office space.
  • 808-810 L Street SE: Three multifamily units and one small retail unit.
  • Two multifamily units leased: one 2BR/1.5BA, one studio.
  • One vacant, recently renovated 2BR/1.5BA multifamily unit.
  • Retail tenant on month-to-month lease, below market rent.
  • Capitol Riverfront location near Barracks Row.

Property Details for 809-811 L St

Property type
Retail properties, Office properties
Square Feet
4,644 SF
Buildings
4
Stories
3
Units
4

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.878056457717
Longitude
-76.99434362511
809-811 L St, Washington, District of Columbia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
809-811 L St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message