1025 H StWashington, DC 20002

Property Details for 1025 H St

Year built

1929

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

2,129 SF

Zone code

NC-16

Property type

Retail space

APN

0959 0017

APU

9590017

Description

This exceptional investment opportunity presents a 1,462 square foot, fully equipped former restaurant and bar located at 1025 H St NE, Washington, DC 20002. Situated on a prime corner lot within the vibrant H Street Corridor, at the intersection of H Street and 11th Street NE, this property boasts a significant amount of potential. The building, constructed in 1929 and renovated in 2023, offers a turnkey setup including enclosed outdoor seating, ideal for immediate operation or redevelopment. The property features a net rentable area of 1,462 square feet, with a total land area of 1,742 square feet and a building area of 1,626 square feet. It is zoned C2A, allowing for versatile development options. The asking price is $1,499,000, translating to $1,025.31 per square foot. This single-unit property is offered as a NNN lease and represents a rare chance to capitalize on the dynamic growth and evolving landscape of the H Street NE neighborhood. Investors will find this a highly attractive asset with significant upside potential in a bustling and desirable location. The property's existing infrastructure and prime location make it an ideal candidate for a variety of uses, offering a unique opportunity for significant return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $634,021

  6.5%

  $585,251

  7%

  $543,447

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,787

  Geo Method

  $369,787

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,146,290

  Mixed-Use / Specialty

  $581,146

  Hospitality / Lodging

  $423,741

  Office

  $575,592

  Institutional / Educational

  $603,436

  Residential Income

  $706,021

  Multifamily

  $857,951

  Automotive / Energy

  $517,231

  Parking / Income-Based Land

  $180,484

  Restaurant / Food Service

  $297,952

  Healthcare / Senior Housing

  $598,024

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9

Longitude

-76.9917

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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