CHARIS REALTY GROUP

311 EAST CAPITOL SE

WASHINGTON, DC 20003

MLS#: DCDC2130534

$2,950,000

Status: Closed
Listing number: DCDC2130534
Listing provided by: Washington Fine Properties, LLC
Listing agent phone: None
Last update: 1 year, 10 months ago
On site: 2 years ago
Browse Properties
CAPITOL HILL - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1878

Sq.Footage

8,360

We are pleased to present 311 East Capitol Street, SE, a four-level, 13-unit property in RF-1/CAP Zoning. The current configuration, layout, and condition offer an investor myriad options to reposition the asset in the marketplace. The property is nestled on one of the most coveted blocks on Capitol Hill, as it is situated a stone’s throw from the United States Capitol, both the Senate and House of Representative Office Buildings (Hart, Russell and Dirksen, and Cannon, Longworth and Rayburn), The Folger Shakespeare Library, The Supreme Court, The Library of Congress, countless association headquarters, and vast restaurant and retail options. As a TOPA free asset, the property presents investors with an immediate opportunity to acquire a grandfathered-use, multi-family property for occupancy upon acquisition, redevelopment as a mid-level or luxury rental, or a condominium project. A present estimate of HCVP Rents for the current configuration, if fully leased is $31,930/mo (estimated). A preliminary zoning opinion (available upon request) has confirmed that the unit make-up could be modified to decrease density.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Window Unit(s)

  • Heating YN

    YES

  • Heating

    Baseboard, Electric, Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

  • Waterfront YN

    NO

  • View

    City, Street, Other

Area & Lot

  • Lot Size(acres)

    0.06

  • Lot Size(square feet)

    2470.0

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $2,950,000

  • Zoning

    See DC Zoning Guidelines - This property is in RF-1 with a Capitol Hill Historic overlay.

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • New Construction

    NO

  • Foundation Details

    Brick/Mortar

  • Sewer

    Public Sewer

  • Tax Lot

    814

  • Water Source

    Public

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Listing Courtesy of Nathan J Guggenheim , Washington Fine Properties, LLC

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Agent Julie DeGiorgio

Graphic Designer

Julie DeGiorgio

Call Julie today to schedule a private showing.

(240) 446-9060

julie@charisrealty.com


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We are pleased to present 311 East Capitol Street, SE, a four-level, 13-unit property in RF-1/CAP Zoning. The current configuration, layout, and condition offer an investor myriad options to reposition the asset in the marketplace. The property is nestled on one of the most coveted blocks on Capitol Hill, as it is situated a stone’s throw from the United States Capitol, both the Senate and House of Representative Office Buildings (Hart, Russell and Dirksen, and Cannon, Longworth and Rayburn), The Folger Shakespeare Library, The Supreme Court, The Library of Congress, countless association headquarters, and vast restaurant and retail options. As a TOPA free asset, the property presents investors with an immediate opportunity to acquire a grandfathered-use, multi-family property for occupancy upon acquisition, redevelopment as a mid-level or luxury rental, or a condominium project. A present estimate of HCVP Rents for the current configuration, if fully leased is $31,930/mo (estimated). A preliminary zoning opinion (available upon request) has confirmed that the unit make-up could be modified to decrease density.

311 EAST CAPITOL SE

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