For Sale
$5,300,000

1330 U StWashington, DC 20009

Prime DC location, 7,502 SF, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple, Class A retail building at 1330 U Street NW in Washington, DC (zip code 20009) offers a compelling investment opportunity. The 7,502 square foot property boasts a 100% occupancy rate with two tenants: Enigma Cocktail Lounge and Wine Vault, occupying 3,370 square feet on a 15-year lease (through December 2038), and Capital Center for Psychotherapy and Wellness, occupying the remaining space across the second and third floors on a lease extending to November 2028. Capital Center expanded their space in 2018, demonstrating strong tenant commitment. The building sits on a 3,600 square foot lot, mid-block between 13th and 14th Streets, within the vibrant 14th Street Corridor. The property's stabilized investment nature is reflected in its $5,300,000 asking price, a $706.48 price per square foot, and a 7.33% cap rate, generating a net operating income (NOI) of $388,679. Originally developed as residential, the building presents long-term upside potential for future conversion to multifamily use. This is a rare opportunity to acquire a high-performing, multi-tenant retail property in a prime Washington, D.C. location.

Highlights

  • $5,300,000 asking price for a stabilized, Class A retail investment property.
  • 7,502 square feet, multi-tenant building with 100% occupancy.
  • Two tenants: a restaurant with a 15-year lease and a medical office with a lease extending to November 2028.
  • Located at 1330 U St NW, Washington, DC, 20009, in a prime location near the 14th Street Corridor.
  • $706.48 price per square foot, with a 7.33% cap rate and a Net Operating Income (NOI) of $388,679.
  • Fee simple ownership and a 3,600 square foot lot.

Property Details for 1330 U St

Property type
Retail properties, Restaurants
Square Feet
7,502 SF
Class
A

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.9167908
Longitude
-77.0308618
1330 U St, Washington, District of Columbia

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1330 U St
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