1421 H St NE - Restaurant FOR SALE


Washington, DC 20002- H Street
$945,000 USD
202-536-3745
1421 H St NE, Washington, DC for Sale
$945,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

1421 H St NE
Washington, DC 20002
H Street


HIGHLIGHTS

  • Owner User or Investment Use - Residential and Ground Floor Retail Space
  • Renovated Residential Units (3) - Occupied
  • Multiple Recent Upgrades - new sump pump, HVAC, flooring
  • Located Eight Blocks from Union Station Metro & Amtrak
  • Located on a Great Street Corridor (www.greatstreets.dc.gov)
  • Maryland Ave & H Street Access

OVERVIEW

EXP Commercial is pleased to exclusively represent the owner of 1421 H Street NE, a mixed-use building with three stories, newly upgraded in 2025, and located on the H Street Corridor. 1421 H Street NE is a 2,797 square foot mixed-use property that features a first floor retail space with a storage room in the basement. This building also includes three apartment units consisting of a studio unit, a one-bedroom unit, and a newly added two bedroom unit. The building sits on a .03 acre parcel, and it is zoned NMU-7B/H-A ,(mixed-use medium density use). The retail space is currently vacant providing a new owner the opportunity to owner-occupy this portion of the building or lease the space to a retail tenant. The retail space is currently being marketed for lease as well. The residential units are separately metered and fully leased with market rate tenants. Market rents (retail and residential) for the H Street corridor are increasing every year which allow a new owner the ability to increase cashflow with minimal capital improvements. In addition, the property features two parking spaces in the rear of the property. There is also street parking on H Street and rear access to the Maryland avenue street where there is additional street parking. The H Street corridor has experienced tremendous revitalization over the past several years surrounded by retail, award-winning restaurants, and new commercial real estate development . Transportation can be easily accessed through Union Station and the NoMa-Gallaudet metro stations, metro bus lines on H street and the DC Streetcar rail system which has almost 3,800 riders per weekday. 1421 H Street NE is centrally located between Union Market to the North, “NoMa” to the Northwest, and the historic neighborhood of Capitol Hill to the South. The property is also seven blocks away from Whole Foods, and walking distance to national retailers including Starbucks, CAVA, and Orangetheory Fitness, and numerous recently-delivered Class A , mixed-use buildings. This property offers an investor the opportunity to enter a rapidly transforming submarket at a relatively low-cost basis compared to other neighborhoods in Washington, DC. For any inquiries or information regarding this property, please contact the listing agent.

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

NMU-7B/H-A

APN/PARCEL ID

1049-0031

ASK ABOUT THIS PROPERTY

Sneha ShajieXp CommercialMore Info
202-536-3745

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Sneha ShajieXp CommercialMore Info
202-536-3745

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.