1339 H StWashington, DC 20002

Property Details for 1339 H St

Year built

1930

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

3,058 SF

Zone code

NC-14

Property type

Retail properties

Property subtype

Retail space

APN

1027 0826

APU

10270826

Description

This exceptional investment opportunity presents three commercial buildings totaling approximately 8,200 square feet, situated on four lots encompassing 8,371 square feet. Located in a desirable alley directly behind the vibrant H Street NE corridor in Washington, DC (zip code 20002), this property offers significant potential. Currently vacant, the buildings are zoned MU-4, providing flexibility for a variety of uses. The low price per square foot of building ($274.39) and lot ($268.79) presents a compelling value proposition. The property includes an on-site parking area, which could be repurposed as an outdoor patio space, adding further appeal. The strong demographics of the area, boasting an average household income of $143,391, underscore the investment potential. This portfolio is ideal for owner-operators, value-add investors, or developers seeking a unique opportunity in a high-demand location. The property's address is 1339 H St NE, Washington, DC. The individual APNs are 1027-0000-0082; 1027-0000-0050; 1027-0000-0808; and 1027-0000-0845. The asking price for this stabilized investment is $2,250,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,161,711

  6.5%

  $1,072,348

  7%

  $995,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,287,006

  Geo Method

  $1,287,006

• Alternative Use

  Use

  Valuation

  Residential

  $904,566

  Hospitality

  $828,578

  Educational

  $689,367

  Medical

  $713,075

  Retail

  $1,072,348

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8998

Longitude

-76.9869

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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