1307 H St NE
Washington, DC 20002
Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive offering of 1307 H Street NE. This offering represents a unique opportunity to acquire a three-level retail/office building at a relatively low price-point for the submarket, making this an ideal situation for both new and experienced investors. The building measures approximately 1,602 square feet and is situated on an 975-square-foot lot. The first level is currently retail space occupied by a barbershop on a month-to-month basis. The second level is leased to a salon through May of 2019, and the third level is vacant office space. From an access standpoint, the top two levels are best occupied by the same tenant when repositioning the asset. A savvy investor could renovate and re-lease the building at market rents to achieve a desirable return. The building is also well suited for a partial or complete owner/operator who would benefit from locating their business along the H Street corridor. The H Street Corridor is located in the Northeast quadrant of the District of Columbia. The H Street Corridor begins east of Union Station at 2nd Street and extends to 15th Street NE at the intersection of Benning Road, Maryland Avenue, Florida Avenue, and Bladensburg Road, also known as the “Starburst Intersection.” This offering is near many multifamily developments and renowned neighborhood establishments such as: The Apollo, Whole Foods, Cava, Starbucks, Turning Natural, Chic-fil-A, as well as Union Market. Moreover, one lot separates the subject property from The Atlas Performing Arts Center. The neighborhood continues its growth as more than 700 residences are slated to come online in 2018. With its close proximity to Capitol Hill, NoMa, Union Station, and Union Market, the H Street Corridor has become one of the more developed and trendy neighborhoods in the Northeast Quadrant of Washington, D.C.