809-811 L StWashington, DC 20003

Property Details for 809-811 L St

Property size (Sq ft)

4,644 SF

Property type

Residential income properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8781

Longitude

-76.9943

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