1342 U StWashington, DC 20009

Property Details for 1342 U St

Year built

1905

Construction

BRICK

Lot size

0.04 AC

Property size (Sq ft)

2,916 SF

Zone code

ARTS-1

Property type

Retail properties

Property subtype

Retail space

APN

0237 0044

APU

2370044

Description

This exceptional 961-square-foot retail space is ideally situated at 1342 U St NW in Washington, DC's vibrant U Street Corridor. Located in a boutique, four-story mixed-use building, this single-tenant property offers a fantastic opportunity for businesses seeking high visibility and foot traffic. The space is currently vacant and ready for immediate occupancy. The ARTS-1 zoning allows for a variety of commercial uses, making it suitable for a range of retail concepts or restaurants. The property's convenient location places it just a block from the bustling intersection of U Street and 14th Street, ensuring significant exposure to a diverse customer base. Adding to its appeal, the property includes two valuable private parking spaces located at the rear of the building, a significant advantage in a densely populated urban area. This ground-floor unit provides excellent street-level visibility and easy access for customers. The space presents a unique chance to establish a thriving business in a dynamic and sought-after neighborhood. The building's mixed-use nature contributes to a lively and engaging atmosphere, further enhancing the property's appeal. This is a rare opportunity to secure a prime retail space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,107,766

  6.5%

  $1,022,553

  7%

  $949,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,227,243

  Geo Method

  $1,227,243

• Alternative Use

  Use

  Valuation

  Residential

  $862,562

  Hospitality

  $790,102

  Educational

  $657,356

  Medical

  $679,963

  Retail

  $1,022,553

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9167

Longitude

-77.0312

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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