1012 H StWashington, DC 20002

Property Details for 1012 H St

Year built

1915

Construction

BRICK

Lot size

0.05 AC

Property size (Sq ft)

4,261 SF

Zone code

NC-16

Property type

Commercial real estate

APN

0958 0809

APU

9580809

Description

This exceptional mixed-use property at 1012 H St NE, Washington, DC, presents a unique investment opportunity. The 2,300 square foot building, classified as Class B, is currently vacant and offers a fee simple ownership structure. The property features a ground floor storefront retail space and a beautifully renovated loft apartment above, creating a versatile income stream potential. The building sits on a 2,264 square foot lot and includes two off-street parking spaces accessible from a rear alley. Zoned NMU-4/H-R, the property allows for a variety of uses. The asking price is $1,200,000, translating to $521.74 per square foot. This property is part of a larger portfolio of buildings along the north side of the 1000 block of H St NE, offering potential for acquisition as a package or individually. The building consists of two units within one building, offering flexibility for future development or leasing strategies. The location in the vibrant H Street Corridor provides excellent visibility and access to a diverse customer base. The vacant status allows for immediate customization and tenant selection, maximizing return on investment. This is an ideal opportunity for investors seeking a prime location in a rapidly developing area of Washington, DC. The property's unique blend of retail and residential space, coupled with its convenient parking, makes it a highly desirable asset.

• CAP approach

  CAP return

  Valuation

  6%

  $1,247,990

  6.5%

  $1,151,990

  7%

  $1,069,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $711,630

  Geo Method

  $711,630

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,294,190

  Retail / Commercial

  $1,171,330

  Mixed-Use / Specialty

  $1,163,110

  Hospitality / Lodging

  $848,079

  Office

  $1,151,990

  Institutional / Educational

  $1,207,720

  Residential Income

  $1,413,040

  Multifamily

  $1,717,110

  Automotive / Energy

  $1,035,190

  Parking / Income-Based Land

  $361,222

  Restaurant / Food Service

  $596,323

  Healthcare / Senior Housing

  $1,196,890

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9005

Longitude

-76.9922

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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