Prime DC Retail Storefront | Mixed-Use Zoning 417 8th St SE
2,409 SF Retail Building Online Auction Sale Washington, DC 20003
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INVESTMENT HIGHLIGHTS
- Optimally located two-story, 2,409-square-foot retail building home to Capitol Hill Pizza Boli’s situated over mixed-use zoning in Washington, DC.
- Incredible owner/user or value-add opportunity with the potential to enhance property value through targeted improvements and strategic management.
- Explore creative revitalization and assembly options to optimize the site’s use and increase overall value in a densely populated and affluent area.
- Strategically positioned in a heavily trafficked area, ensuring maximum visibility and accessibility in the noteworthy Capitol Hill neighborhood.
- Prime acquisition for businesses looking to establish a presence in a sought-after location providing both operational space and investment potential.
- Ideally surrounded by 716,868 residents who have an average household income of over $120,000 and annual spending power of about $10.1 billion.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the exclusive sale of 417 8th Street SE, a prime mixed-use property located in the vibrant Capitol Hill neighborhood in Washington, DC.
This above-ground, two-level building spans approximately 2,409 square feet, with about 1,200 square feet on each level. Currently home to the beloved Capitol Hill Pizza Boli’s, the property is surrounded by an array of shops, restaurants, and bars, making it a focal point of the community. The sale includes both the real estate and the successful Pizza Boli’s business operation.
Surrounding the property within a 5-mile radius is a densely populated community of 716,868 residents who have an average household income of more than $120,000. These residents have an impressive annual spending power of nearly $10.1 billion, with over $2.5 billion spent exclusively on food at and away from home.
Additionally, the opportunity exists to acquire neighboring properties for potential revitalization, enhancing the value of this already promising investment.
With its sought-after retail location, favorable mixed-use zoning, and multiple redevelopment possibilities, 417 8th Street SE represents an exceptional value-add opportunity for both investors and owner-operators alike.
Property tours are available by appointment only. Please contact the broker to schedule.
This above-ground, two-level building spans approximately 2,409 square feet, with about 1,200 square feet on each level. Currently home to the beloved Capitol Hill Pizza Boli’s, the property is surrounded by an array of shops, restaurants, and bars, making it a focal point of the community. The sale includes both the real estate and the successful Pizza Boli’s business operation.
Surrounding the property within a 5-mile radius is a densely populated community of 716,868 residents who have an average household income of more than $120,000. These residents have an impressive annual spending power of nearly $10.1 billion, with over $2.5 billion spent exclusively on food at and away from home.
Additionally, the opportunity exists to acquire neighboring properties for potential revitalization, enhancing the value of this already promising investment.
With its sought-after retail location, favorable mixed-use zoning, and multiple redevelopment possibilities, 417 8th Street SE represents an exceptional value-add opportunity for both investors and owner-operators alike.
Property tours are available by appointment only. Please contact the broker to schedule.
DATA ROOM Click Here to Access
- Operating and Financial Statements
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Washington - DC USA
Market Cap Rate
Washington - DC USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Building Size
2,409 SF
Building Class
C
Year Built/Renovated
1890/2000
Tenancy
Single
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.04 AC
Zoning
MU-4 - The MU zones are designed to provide facilities for housing, shopping, and business needs, including residential, office, service, and employment cent
Parking
7.27 Spaces per 1,000 SF Leased
Frontage
21’ on 8th St
AMENITIES
- Atrium
- Signage
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (88)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
50,238
288,721
716,868
2020 Population
49,917
287,260
738,770
2029 Population
46,632
267,467
669,634
2024-2029 Projected Population Growth
-7.2%
-7.4%
-6.6%
Daytime Employees
41,542
443,675
719,239
Total Businesses
3,604
31,042
59,372
Average Household Income
$171,910
$121,493
$120,633
Median Household Income
$146,521
$88,635
$89,971
Total Consumer Spending
$946.2M
$4.1B
$10.1B
Median Age
36.0
35.4
35.9
2024 Households
24,893
139,283
333,547
Percent College Degree or Above
32%
24%
24%
Average Home Value
$833,087
$661,239
$629,846
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0902-0840 | Improvements Assessment | $1,907,687 CAD |
| Land Assessment | $673,637 CAD | Total Assessment | $2,581,325 CAD |
SALE ADVISOR
SALE ADVISOR
Dany Zhao, Senior Investment Advisor
(703) 577-1098
Contact
Dany Zhao is a Senior Advisor at Marcus & Millichap's Washington, DC office, where he specializes in the acquisition and disposition of retail/mixed-use properties, gas stations, and land development across Virginia, Maryland, and the District of Columbia. With a deep understanding of the commercial real estate landscape, Dany excels in areas such as property renovation, value enhancement, strategic negotiation, and the development of innovative partnership structures.
In addition to his advisory role, Dany is an experienced real estate investor with a diverse portfolio of assets throughout VA, MD, and DC. His entrepreneurial background includes founding and operating several successful ventures, such as real estate investment firms, a business consulting company, a car dealership, and multiple restaurants.
Dany holds a Bachelor of Science in Business, Cum Laude, from the University of Mary Washington. He has been a member of the International Council of Shopping Centers (ICSC) since 2011, actively participating in the growth and development of the retail sector.
Outside of his professional commitments, Dany is deeply involved in his community. He volunteers with various nonprofit organizations, including Loudoun Volunteer Caregivers, Alternative House, and the Wounded Warrior Project. His dedication to service has been recognized with prestigious honors such as The White House President’s Volunteer Service Award and the Wounded Warrior Project Award.
In his personal time, Dany enjoys spending quality time with his family and continues to engage in charitable initiatives that make a meaningful impact.
In addition to his advisory role, Dany is an experienced real estate investor with a diverse portfolio of assets throughout VA, MD, and DC. His entrepreneurial background includes founding and operating several successful ventures, such as real estate investment firms, a business consulting company, a car dealership, and multiple restaurants.
Dany holds a Bachelor of Science in Business, Cum Laude, from the University of Mary Washington. He has been a member of the International Council of Shopping Centers (ICSC) since 2011, actively participating in the growth and development of the retail sector.
Outside of his professional commitments, Dany is deeply involved in his community. He volunteers with various nonprofit organizations, including Loudoun Volunteer Caregivers, Alternative House, and the Wounded Warrior Project. His dedication to service has been recognized with prestigious honors such as The White House President’s Volunteer Service Award and the Wounded Warrior Project Award.
In his personal time, Dany enjoys spending quality time with his family and continues to engage in charitable initiatives that make a meaningful impact.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr BR40000233
