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1206 H St NE 2,000 SF Retail Building Washington, DC 20002 $1,395,000 ($697.50/SF) 8% Cap Rate

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EXECUTIVE SUMMARY

Welcome to an exceptional opportunity to own a premier commercial property featuring a thriving restaurant in a bustling location. Situated in the heart of H Street Corridor, this property boasts high visibility, heavy foot traffic, and excellent accessibility, making it an ideal investment for seasoned restaurateurs or savvy investors seeking a turnkey business opportunity. The building owner has operated a booming British pub style restaurant and bar, the Queen Vic since 2011. The property, which spans over 2000 sqft over two levels, comes fully equipped with a commercial kitchen with type-2 venting, two large bar areas, two large seating areas, and two outdoor spaces. At $55/ft NNN for this turn-key restaurant, this property would have a cap rate of 7. Do not miss this incredible investment opportunity!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,000 SF
Building Class
C
Year Built
1930
Price
$1,395,000
Price Per SF
$697.50
Cap Rate
8%
NOI
$111,650
Tenancy
Single
Building Height
2 Stories
Building FAR
1.53
Lot Size
0.03 AC
Zoning
NC-14 - Neighborhood Mixed-Use
Frontage
17’ on H St

AMENITIES

  • Restaurant
  • Signage
  • Air Conditioning
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Cross Fit DC
[Solidcore]
Safeway
PNC Bank
Chase Bank
Truist
Bank of America
America's Best Wings
Whole Foods
Wells Fargo Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1003-0039
Land Assessment
$251,920
Improvements Assessment
$933,370
Total Assessment
$1,185,290
  • Listing ID: 31978525

  • Date on Market: 5/31/2024

  • Last Updated:

  • Address: 1206 H St NE, Washington, DC 20002

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