3625-3629 12th Street NE

Washington, D.C. 20017

Offering Memorandum

The Offering

Property Overview

  • List Price $1,650,000
  • Gross Building Area 4,845 SF
  • Zoning MU-4
  • Product Type Mixed-Use
  • Lot Size 3,750 SF
  • Price Per SF GBA $340.56
  • Pro Forma Cap Rate 7.34%
  • Unit Mix - Multifamily 1 - Studio, 1 - 1BR/1BA, 1 - 2BR/1BA

Investment Summary

Feldman Ruel is pleased to offer for sale 3625-3629 12th Street NE, a 4,845-square-foot mixed-use building, comprised of three vacant multifamily units above two retail units consisting of a total of 2,778 square feet on the first level. One of the two retail units is currently vacant and outfitted for a quick-service restaurant, while the other is currently leased to a carryout restaurant on a month-to-month basis but could be operated as a quick-service restaurant as well. The subject property is situated on a 3,750-squarefoot, MU-4-zoned, corner lot, located in the Brookland submarket of northeast Washington, D.C.

Investment Highlights

● Two Retail Units Built Out for QSR Concepts | Can Be Delivered Vacant at Closing

● Three Vacant Multifamily Units Above Retail | Not Subject to TOPA

● Unutilized FAR for Multifamily Redevelopment | MU-4 Zoning (FAR 2.5/3.0 IZ) + Penthouse
● Covered Land Play | Opportunity to Reposition Property with Short-Term Leases

● Located on a Hard Corner with 75 Feet of Frontage on 12th Street NE

● Less than One-Quarter Mile from Brookland-CUA Metro Station

Listing Agents

Ryan Smith

Associate Director
Direct: (202) 318-6808

Josh Feldman

Managing Principal
Direct: (202) 318-6833

Ian Ruel

Managing Principal
Direct: (202) 318-6844