Investor Opportunity: Capitol Hill Warehouse With Lofty Potential

• November 19th 2012

by Shilpi Paul

✉️ Want to forward this article? Click here.

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.production.logicbrush.com/articles/blog/investor_opportunity_capitol_hill_warehouse_with_lofty_potential/6312.