Investor Opportunity: Capitol Hill Warehouse With Lofty Potential

• November 19, 2012

by Shilpi Paul

1237-1239 Rear C Street SE

UrbanTurf often notes the lack of true lofts in DC, largely due to the small number of warehouses and industrial spaces that can be given a new lease on life. However, with the backing of creative investors, this blank-slate property in a Capitol Hill alley could be turned into something special.

The red brick warehouse was built in the 1890s and is located at 1237-1239 Rear C Street SE, in an alley recently dubbed Adolph Cluss Court. Aside from a solid-brick partition wall and a few loft storage spaces, the interior is largely empty. A previous owner used it to store classic cars and furniture.

As we’ve written about before, alleys are having a bit of a renaissance, and listing agent Joel Nelson tells UrbanTurf that an adjacent warehouse was transformed into a two-unit loft residence.

The property is zoned R-4, which means that the site can be used for single-family residential uses (including detached, semi-detached, row dwellings, and flats) or projects up to six units, depending on the lot size.** Currently the building occupies 1,770 square feet of the 4,350-square foot lot.

**For additional details on R-4 zoning, click here.

• Address: 1237-1239 Rear C Street SE (map)
• Price: $450,000
• Year Built: 1890
• Listing Agent: Joel Nelson, Keller Williams Capital Properties

This article originally published at http://dc.urbanturf.com/articles/blog/investor_opportunity_capitol_hill_warehouse_with_lofty_potential/6312