1330 U StWashington, DC 20009

Property Details for 1330 U St

Year built

1916

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

9,636 SF

Zone code

ARTS-1

Property type

Retail space

APN

0237 0181

APU

2370181

Description

This fee-simple, Class A retail building at 1330 U Street NW in Washington, DC (zip code 20009) offers a compelling investment opportunity. The 7,502 square foot property boasts a 100% occupancy rate with two tenants: Enigma Cocktail Lounge and Wine Vault, occupying 3,370 square feet on a 15-year lease (through December 2038), and Capital Center for Psychotherapy and Wellness, occupying the remaining space across the second and third floors on a lease extending to November 2028. Capital Center expanded their space in 2018, demonstrating strong tenant commitment. The building sits on a 3,600 square foot lot, mid-block between 13th and 14th Streets, within the vibrant 14th Street Corridor. The property's stabilized investment nature is reflected in its $5,300,000 asking price, a $706.48 price per square foot, and a 7.33% cap rate, generating a net operating income (NOI) of $388,679. Originally developed as residential, the building presents long-term upside potential for future conversion to multifamily use. This is a rare opportunity to acquire a high-performing, multi-tenant retail property in a prime Washington, D.C. location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,660,643

  6.5%

  $3,379,055

  7%

  $3,137,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,055,457

  Geo Method

  $4,055,457

• Alternative Use

  Use

  Valuation

  Residential

  $2,850,360

  Hospitality

  $2,610,914

  Educational

  $2,172,250

  Medical

  $2,246,957

  Retail

  $3,379,055

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9167

Longitude

-77.0309

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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