$1,395,000
1206 H ST NE Washington, DC 20002
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$1,395,000
Est. payment /mo
2,016 SqFt
Price Dropped by $200K
1206 H ST NE Washington, DC 20002
UPDATED:
09/30/2024 03:48 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $691
Subdivision H Street Corridor
MLS Listing ID DCDC2142896
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $13,588
Tax Year 2022
Lot Size 1,260 Sqft
Acres 0.03
Property Description
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!
Location
State DC
County Washington
Zoning NMU-4/H-A
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 1003//0039
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Jennifer S Smira • Compass
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