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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$910,680
6.5%
$840,628
7%
$780,583
Comparable approach
Method
Valuation
Relative Method
$531,145
Geo Method
$531,145
Alternative Use
Use
Valuation
Industrial / Distribution
$1,646,480
Mixed-Use / Specialty
$834,732
Hospitality / Lodging
$608,642
Office
$826,754
Institutional / Educational
$866,749
Residential Income
$1,014,100
Multifamily
$1,232,320
Automotive / Energy
$742,928
Parking / Income-Based Land
$259,239
Restaurant / Food Service
$427,964
Healthcare / Senior Housing
$858,975
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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