1245 H StWashington, DC 20002

  • Commercial real estate
  • 4,632 SF
For Sale
$3,700,000 View listing

Property Details for 1245 H St

Year built
1930
Construction
BRICK
Lot size
0.05 AC
Property size (Sq ft)
4,632 SF
Zone code
NC-14
Property type
Commercial real estate
APN
1004 0807
APU
10040807

Description

This exceptional Class A retail property, located at 1245 H St NE in Washington, DC's vibrant H Street Corridor, presents a unique opportunity for lease or purchase. The building, totaling 5,306 square feet, is situated on a 2,043 square foot lot and is currently entirely vacant. The space is ideally suited for a restaurant, featuring a meticulously finished interior with high-end details. Its versatile layout allows for flexibility, potentially accommodating two separate restaurant concepts. A significant advantage is the inclusion of two outdoor patio areas, one each on the second and third floors, providing ample space for al fresco dining. The building's location within the bustling H Street Corridor ensures high foot traffic and visibility, making it an attractive proposition for businesses seeking to thrive in one of Northeast Washington, DC's most dynamic neighborhoods. The property is classified as Street Retail within Columbia County, and the building is spread across four floors. This presents a rare chance to acquire a fully built-out restaurant space in a prime location, ready for immediate occupancy. The zip code is 20002.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,370,160
    Hospitality
    $1,255,060
    Educational
    $1,044,195
    Medical
    $1,080,106
    Retail
    $1,624,303

Location Insight

City
Washington
County
District Of Columbia
State
DC
Latitude
38.9
Longitude
-76.9887
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,552
$400,470
$1,572,360
$1,972,830
-
$400,470
$1,572,360
$1,972,830

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