Multi-Level Bar
For Sale
Contact for pricing
1242 H Street NE, Washington, DC 20002
Vacant food-and-beverage space arranged across multiple levels with NMU-4/H-A zoning.
Property Size3,264 SF
Price / SF$337.01
Days on Market93
Property Features for 1242 H Street NE
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Retail, Mixed Use
Zoning
NMU-4/H-A
Investment Type
Value Add
Site & Location
Neighborhood
Trinidad
Building Details
Year Built
2011
Buildings
1
Stories
4
Listing Agency:
Greysteel Company LLC Washington, D.C.
Listed By:
Benjamin Wilson · License #MD 649631
(410) 227-7342
Source:
Crexi
Added: Jul 28
Changed: Oct 26
Last Checked: Oct 26 at 3:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greysteel Company LLC Washington, D.C.
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Investment Insights
Based on property information with market context.
This bar property at 1242 H Street NE encompasses 3,264 square feet across multiple levels. The space was built in 2011 and is currently vacant, providing a defined food-and-beverage layout for future occupancy.
The property is located in Washington, DC 20002 and is zoned NMU-4/H-A. Its prior restaurant and bar configuration offers a commercial setting specifically associated with hospitality use.
The property is located in Washington, DC 20002 and is zoned NMU-4/H-A. Its prior restaurant and bar configuration offers a commercial setting specifically associated with hospitality use.
Key Highlights
- 3,264 SF bar property
- Multi‑level configuration
- Recently vacated food‑and‑beverage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,162
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,240
$1.7M
Cap Rate 7%
$1,202,314
$1.2M
Cap Rate 9%
$935,133
$935.1K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$117.5K $36.00/SF
− Vacancy
−$5.3K −$1.62/SF
EGI
$112.2K $34.38/SF
− OpEx
−$28.1K −$8.59/SF
NOI
$84.2K $25.78/SF
Area
ZIP 20002
Vacancy
4.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,240
Cap Rate 7%
$1,202,314
Cap Rate 9%
$935,133
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,162 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,965 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,772
Businesses Nearby
105k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 38%
Apparel 13%
Electronics 1%
Chick-fil-A
Dining
27,104 visits/mo
0.2 miles
McDonald's
Dining
15,820 visits/mo
0.5 miles
Bank of America
Shops & Services
14,101 visits/mo
0.3 miles
Shell
Shops & Services
8,457 visits/mo
0.2 miles
Nike Factory Store
Apparel
8,378 visits/mo
0.3 miles
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
Similar Off Market Nearby
- Bistro Cacao — 316 Massachusetts Ave NE, Washington, DC 20002
- Exotic Wine and Spirits — 801 Maryland Ave NE, Washington, DC 20002
- The Big Board — 421 H St NE, Washington, DC 20002
- H Street Pub — 600 H St NE, Washington, DC 20002
- BINGE BAR — 506 H St NE LL (Lower Level, Washington, DC 20002
Frequently Asked Questions
What type of property is this?
Bar & Pub - Vacant food-and-beverage space arranged across multiple levels with NMU-4/H-A zoning.
Where is this bar & pub located?
The property is located at 1242 H Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,264 SF bar property; Multi‑level configuration; Recently vacated food‑and‑beverage space
