3625-3629 12th Street NE
Washington, D.C. 20017
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
Zoom
@Copyright 2024 Feldman Ruel Urban Property Advisors, LLC. All rights reserved.