1336 U StWashington, DC 20009

  • Other commercial real estate
  • 5,014 SF
For Sale

Property Details for 1336 U St

Year built
1905
Construction
BRICK
Lot size
0.04 AC
Property size (Sq ft)
5,014 SF
Zone code
ARTS-1
Property type
Other commercial real estate
APN
0237 0047
APU
2370047

Description

This exceptional, fully occupied, 6,000 square foot Class A retail building is located at 1336 U St NW, Washington, DC 20009. Situated in the vibrant U Street Corridor, this fee-simple property boasts a new 10-year lease (through May 2034) with a high-quality tenant, Highlight Kitchen & Lounge. The lease includes annual rent increases of 3.0%. The building, originally constructed in 1905 and extensively renovated in 2024, features four floors plus a basement, and a glass-enclosed rooftop. Recent renovations included a complete interior build-out, upgraded security systems (including cameras), a new sound system, and comprehensive WiFi cabling. The property is zoned ARTS-1 and sits on a 1,800 square foot lot. The tenant is responsible for expense pass-throughs, minimizing landlord responsibilities. This prime location benefits from excellent proximity to the Metro and a dense population of high-income residents (33,000 residents within a 0.5-mile radius, averaging $221,000 in annual household income). This is a Core+ investment opportunity with significant upside potential. The single-tenant, NNN lease structure provides a stable and predictable income stream. This is a rare opportunity to acquire a turn-key, high-performing asset in one of Washington, D.C.'s most desirable retail locations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,483,157
    Hospitality
    $1,358,564
    Educational
    $1,130,309
    Medical
    $1,169,182
    Retail
    $1,758,259
1336 U St, Washington, District of Columbia

Location Insight

City
Washington
County
District Of Columbia
State
DC
Latitude
38.9167
Longitude
-77.0311
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
$50,259
$705,020
$1,922,870
$2,627,890
-
$705,020
$1,922,870
$2,627,890

FAQs

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