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Investor Opportunity: Live/Work Space in Truxton Circle

  • January 15, 2013

by Shilpi Paul

Investor Opportunity: Live/Work Space in Truxton Circle: Figure 1
1310 North Capitol Street NW

With NoMa to the east and Bloomingdale to the north, Truxton Circle seems to be a natural choice for development. However, the main retail corridor, North Capitol Street, has been slow to grow.

If North Capitol does blossom one day, this property, which sits right on the main drag, may be a good investment.

The currently vacant property has two 2-bedroom units on the upper floor and a 2,000-square-foot retail space on the street level. A basement offers more space, and the owner tells UrbanTurf that the upper level could be transformed into one four-bedroom apartment.

Once the former tenants moved out several years ago, the seller gutted the space and has been considering redeveloping it. A former owner on the H Street Corridor, he is watching North Capitol Street for the sorts of catalytic developments that prompted the renaissance in the now-hip NE corridor.

More details below.

See other articles related to: truxton circle, investment properties, dclofts

This article originally published at http://dc.urbanturf.com/articles/blog/investor_opportunity_live_work_space_in_truxton_circle/6519

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