Pending
311 East Capitol SE
Washington DC, 20003
$2,950,000
$352.87 per sqft
Pending
8,360 sqft
Commercial
Built in 1878
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.
DCDC2130534
MLSⓇ ID
April 19, 2024
Updated
Map
311 East Capitol SE
Washington DC, 20003
Interior Features
Total Stories
4
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Window Unit(s)
Heating
Yes
Heating Description
Forced Air, Baseboard, Electric, Natural Gas
Exterior/Building Features
Lot Size
0.06 Acres
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Days on Market
24
Garage
No
View
Yes
View Description
City, Street
County
WASHINGTON
Water Source
Public
Pool
No
Zoning
See DC Zoning Guidelines - This property is in RF-1 with a Capitol Hill Historic overlay.
Buyer Agency Compensation
3%
Listed by Nathan J Guggenheim, with Washington Fine Properties, LLC
Listing Contact: 2023335905
The IDX display contains information sourced from the Bright MLS, Inc. as of 4/19/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 4/19/2024 at 8:08 AM UTC
