517-519 11th St SE Bureau 857 m² 100 % Loué À vendre Washington, DC 20003 3 311 625 € (3 866,16 €/m²)

Newmark has been exclusively retained to offer for sale 517-519 11th Street SE, a beautifully renovated mixed use buildinglocated on the west side of I1th Street, between Pennsylvania Avenue and G Streets SE in the Capitol Hill/Eastern Marketneighborhood of Washington DC. This elegant Art Deco style building features a variety of uses including first floor office,lower level self storage and second floor residential apartments and roof deck. Features of the building include highceilings, oversized windows, large open spaces for internal meetings and gatherings and a separate entrance to theresidential portion. Renovation improvements include bathroom and kitchen finishes and appliances, cabling and wiringand creation of a rooftop deck.
The location is unparalleled within minutes of Eastern Market and dozens of shops and restaurants. 517-519 11thStreet hasa Walk Score of 96 out of 100. The location is a walker’s paradise with no car required for daily errands. The building is lessthan a five minute walk from the Eastern Market and Potomac Avenue Metro Stations served by the Blue, Orange andSilver lines.
The 9220 square foot building was constructed in 1933 and renovated in 2004. The parcel is 3704 square feet and zoned MU-4. The MU-4 zone is intended to permit moderate-density mixed-use development with shopping, housing and business uses outside of the central core with an FAR of 2.5.
The building’s mix of uses and diverse income streams create an excellent investment opportunity. The lower level has 18 storage units that lease for $195 per month. The first floor is 3365 square feet and is currently leased by the building’s owner for $50 per square foot NNN. The second floor residential apartments are three bedroom, two bath units and lease for $3400 per month net of utilities. Current net operating income is $180,000. The quality of the asset, unparalleled location, distinct sources of income and manageable size make 517-519 11th an extremely attractive investment
opportunity.