1132 19Th StWashington, DC 20036
- Retail properties
- 3,430 SF
Property Details for 1132 19Th St
- Year built
- 1928
- Construction
- BRICK
- Lot size
- 0.04 AC
- Property size (Sq ft)
- 3,430 SF
- Zone code
- D-5
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 0117 0872
- APU
- 1170872
Description
Exceptional investment opportunity: Casa De Montecristo, a thriving bar located at 1132 19th St NW, Washington, DC 20036, offers a fee simple ownership of land and building (APN 0117 0872). This 6,900 square foot, three-story establishment boasts a 6.25% cap rate and a strong NOI of $361,694. The property features a corporate-guaranteed NNN lease with a remaining term of approximately 9.4 years, expiring March 31, 2034, with two 5-year lease options. Built in 1928 and extensively renovated in 1984, 2016, and 2018, the property includes a massive air exchange and air filtration system added in 2018. The lease includes 3% annual rent increases commencing April 2027. Situated in a prime Dupont Circle location, this bar benefits from proximity to significant office space (33 million square feet), a large daytime workforce (85,000), and four nearby Metro stations. The 0.04-acre lot offers a unique investment opportunity in a high-traffic area. The building's tax advantages include $4.3 million of depreciable building acquisition cost. This is one of only six establishments in DC that allows smoking, adding to its unique appeal. The asking price is $5,787,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,303,031
- 6.5%
- $1,202,798
- 7%
- $1,116,884
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,443,568
- Geo Method
- $1,443,568
-
Alternative Use
- Use
- Valuation
- Residential
- $1,014,605
- Hospitality
- $929,373
- Educational
- $773,227
- Medical
- $799,820
- Retail
- $1,202,798
Location Insight
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Latitude
- 38.9047
- Longitude
- -77.0438
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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