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427 8th St SE
Washington, DC 20003

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,126 SF
Building Class
C
Year Built/Renovated
1890/1991
Tenancy
Multiple
Number of Floors
2
Building FAR
1.68
Lot Size
0.07 AC
Zoning
MU-25
Frontage
15 ft on 8th St

Amenities

  • Bus Route
  • Conferencing Facility
  • Public Transport
  • Tenant Controlled HVAC

About 427 8th St SE , Washington, DC 20003

The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 425-427 8th Street SE in Washington, D.C.’s Barracks Row. The property is a two-story, 4,589-square foot building situated on a 2,874-square foot lot. Located in the Barracks Row section of Capitol Hill,425-427 8th Street SE represents an opportunity for a value-add investor or an opportunistic owner-user to acquire a commercial property in one of the District’s most desirable and stable submarkets. The retail portion of the property consists of two units. 425 8th Street SE is currently leased to Bank of America, which is in year seven of a ten year lease with two five year option periods. 427 8th Street SE is a vacant 1,362-square foot commercial space. The unit is in warm shell condition with HVAC and sprinkler system installed, so minimal work is required to create a usable space. The second floor office space above is 100% leased The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 425-427 8th Street SE in Washington, D.C.’s Barracks Row. To the headquarters of Divine Chocolate, a popular chocolatier. They recently executed a five-year lease with one five-year option period. Divine Chocolate is uniquely structured, as the company is co-owned by the 85,000 farmers members of Kuapa Kokoo, the cooperative in Ghana that supplies the cocoa for each bar of chocolate. The subject property is located along the Barracks Row stretch of Capitol Hill’s 8th Street SE. Barracks Row is home to the United States Marine Barracks, and is famous for its retail and restaurant scene. Less than two blocks from the property is 700 Penn at Eastern Market, formerly the Hine School redevelopment project, which is anchored by Trader Joe’s and includes 61,000 square feet of retail space, 150,000 square feet of office space, 162 residential units, and an underground parking garage with 390 spaces. 425-427 8th Street SE is located one block from the Eastern Market Metro station and in close proximity to Eastern Market itself, 0.7 miles from the Capitol South Metro station, 0.8 miles from the Potomac Avenue Metro station, and just over one mile from the Stadium-Armory Metro station.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0902-0037
Land Assessment
£611,032
Improvements Assessment
£1,007,478
Total Assessment
£1,618,509
  • Listing ID: 13744538

  • Date on Market: 10/09/2018

  • Last Updated:

  • Address: 427 8th St SE, Washington, DC 20003

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