1330 U StWashington, DC 20009
- Retail properties
- 9,636 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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