517 2nd St NE - Office/Residential FOR SALE


Washington, DC 20002- Capitol Hill
$1,790,000 USD
703-371-9950
517 2nd St NE, Washington, DC for Sale
$1,790,000 USD
Office/Residential - FOR SALE
1/12
null | Request Cap Rate

517 2nd St NE
Washington, DC 20002
Capitol Hill


HIGHLIGHTS

  • Zoned for commercial, retail and residential - highly unusual for a townhouse this close to the United States Capitol
  • Unique location - across from U.S. Federal Courts and the SEC, one block to Union Station/Metro, 2 blocks to the U.S. Senate, 3 to Supreme Court

OVERVIEW

This property is unique.  Located at much sought-after location on Capitol Hill at 517 2nd Street Northeast, it's literally across the street from both the Securities and Exchange Commission and the Thurgood Marshall Federal Courts building.   It's also one block from Union Station and two blocks from the United States Senate and 3 blocks from the Supreme Court. The townhouse was constructed around 1895 as a residence and was occupied by the same family until its current owners purchased it in 1985 and renovated it and converted it to an office building. It has a multiple zoning classification for commercial, retail and residential, almost impossible to find on Capitol Hill. The property is approximately 2700 square feet, with 1800 square feet above ground livable, currently with seven offices and 2 bathrooms, and 900 square feet of partially-finished basement suitable for storage, files, office equipment, etc. The property currently is occupied by a well-known lobby firm that has been there for over three decades.   The lobby firm is flexible about whether it would stay or leave. The owner is asking $1.79 million, close to its DC tax appraised value. This townhouse is ideal for a government relations firm, a trade association, university Washington office or a company or law firm with an SEC or federal litigation practice or an Air B&B.

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$578 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,557 SF

ZONING

MU4/CAP

APN/PARCEL ID

0754-0035

ASK ABOUT THIS PROPERTY

Mark MoranLaw Offices of Mark E. MoranMore Info
703-371-9950

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Mark MoranLaw Offices of Mark E. MoranMore Info
703-371-9950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.