Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1910
Sq.Footage
2,746
Here's your opportunity to acquire a fully leased commercial asset in one of the District's most vibrant and sought-after neighborhoods. Located within the Greater U Street Historic District, this four-level property is currently tenant occupied and offers a stabilized income stream The property is occupied by a well-established café/bar tenant that has successfully operated at the location since 2013. The existing lease has approximately five years remaining, with 3% annual rental increases, providing investors with predictable income growth. A unique feature of this asset is its versatile layout. The third level is currently configured as a one-bedroom, one-bath residential apartment, while the second level offers the potential for conversion to an additional unit, subject to buyer due diligence, zoning requirements, and any necessary approvals. This configuration provides flexibility for future ownership considerations. Positioned within the RTS-3 zoning district, the property offers flexibility for future use and redevelopment potential. The RTS-3 designation is intended to permit medium-density, mixed-use development with a focus on employment uses, making this an attractive acquisition for investors seeking both strong in-place returns and long-term value appreciation. Situated just steps from the thriving U Street corridor, the property benefits from exceptional visibility, consistent foot traffic, and proximity to some of Washington, DC's most popular restaurants, entertainment venues, and neighborhood amenities
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Hot Water
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,233
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$1,350,000
-
Tax Amount
$21,753
-
Financing Options
Cash, Conventional
-
Sq. Footage
2,746
-
Price/SqFt
$491
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
88
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
Middle School
High School
Listing Courtesy of Ashley Brooks, Long & Foster Real Estate, Inc.
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Salesperson, Realtor
Vonte Kirby
Call Vonte today to schedule a private showing.
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