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Ram Bala

ram.bala@kw.com +1(703) 403-5338

$ 1,395,000

Est. payment -/mo

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Price Dropped by $200K

1206 H ST NE Washington, DC 20002

2,016 SqFt

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

Ram Bala

Agent | License ID: 0225064126

+1(703) 403-5338

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Ram Bala

Ram Bala

1206 H ST NE Washington, DC 20002

Key Details

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1206 H ST NE