Four-Level Mixed-Use
For Sale
$1,350,000
1346 T St NW, Washington, DC 20009
Tenant-occupied asset with a café/bar and residential apartment in the Greater U Street Historic District.
Property Size2,746 SF
Price / SF$491.62
Days on Market33
Property Features for 1346 T St NW
General Information
Standard status
Active
Size
2,746 SF
Zoning
RTS-3
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Building Details
Year Built
1910
Buildings
1
Stories
4
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Ashley Brooks
(888) 536-0216
Source:
Selltheshore
Added: Sep 6
Changed: Sep 11
Last Checked: Oct 7 at 1:29PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 2,746-square-foot mixed-use property contains four levels and is occupied by a café/bar tenant that has operated at the premises since 2013. The third floor is arranged as a one-bedroom, one-bath apartment, while the second floor may offer an opportunity for another unit, subject to zoning review, approvals, and buyer due diligence. The existing lease has approximately five years remaining and provides for 3% annual rental increases.
Located at 1346 T St NW within the Greater U Street Historic District, the property is positioned near the U Street corridor and surrounding restaurants, entertainment venues, and neighborhood amenities. RTS-3 zoning supports medium-density mixed-use development with an employment-oriented framework, subject to applicable requirements.
Located at 1346 T St NW within the Greater U Street Historic District, the property is positioned near the U Street corridor and surrounding restaurants, entertainment venues, and neighborhood amenities. RTS-3 zoning supports medium-density mixed-use development with an employment-oriented framework, subject to applicable requirements.
Key Highlights
- 2,746 SF, four‑level mixed‑use property at 1346 T St NW
- Café/bar tenant has operated at the property since 2013
- Existing lease has approximately five years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,447
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,940
$1.1M
Cap Rate 7%
$792,100
$792.1K
Cap Rate 9%
$616,078
$616.1K
Market Conditions
NOI Build-Up for 2,746 SF
Gross rent
$96.2K $35.04/SF
− Vacancy
−$7.5K −$2.73/SF
EGI
$88.7K $32.31/SF
− OpEx
−$33.3K −$12.12/SF
NOI
$55.4K $20.19/SF
Area
ZIP 20009
Vacancy
7.80%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,940
Cap Rate 7%
$792,100
Cap Rate 9%
$616,078
Alternative Uses
Best Use
Mixed Use
$792.1K
$693.1K – $924.1K
NOI $55,447 @ 7.0% cap · market cap 4.11%
Second Best
Specialty Retail
$764.2K
$668.7K – $891.6K
NOI $53,493 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,872 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,109
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Groceries 24%
Home Improvements & Furnishings 12%
Hotels & Casinos 6%
McDonald's
Dining
19,704 visits/mo
0.2 miles
Whole Foods Market
Groceries
16,933 visits/mo
0.4 miles
Starbucks
Dining
7,495 visits/mo
0.3 miles
Logan Hardware
Home Improvements & Furnishings
5,986 visits/mo
0.1 miles
Jeni's Splendid Ice Creams
Dining
4,634 visits/mo
0.1 miles
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Tenant-occupied asset with a café/bar and residential apartment in the Greater U Street Historic District.
Where is this mixed-use property located?
The property is located at 1346 T St NW Washington, DC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,746 SF, four‑level mixed‑use property at 1346 T St NW; Café/bar tenant has operated at the property since 2013; Existing lease has approximately five years remaining
