Storefront with Food and Beverage
1378 H Street Northeast, Washington, DC 20002
For Sale
Contact for pricing
Two above-grade floors and an unfinished lower level accompany a commercial kitchen and two wet bars.
Property Size2,175 SF
Price / SF$367.82
Days on Market53
Property Features for 1378 H Street Northeast
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Amenities
commercial kitchen
two wet bars
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Feldman Ruel
Listed By:
Josh Feldman · License DC BR200201416
From the agent's profile:
(202) 318-6800
View profile
Source:
Crexi
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 12 at 7:40AM
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 Feldman Ruel
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Investment Insights
Based on property information with market context.
This 2,175-square-foot storefront has two above-grade levels and an unfinished sublevel. Its current bar and lounge configuration includes a commercial kitchen and two wet bars. The property is leased through May 15, 2027, and carries NMU-7B/H-A zoning.
On H Street NE in Washington, DC, the building sits across from Nesso Plaza, which is under construction. H Street NE connects Union Station and the RFK Stadium Campus, where redevelopment is also planned.
On H Street NE in Washington, DC, the building sits across from Nesso Plaza, which is under construction. H Street NE connects Union Station and the RFK Stadium Campus, where redevelopment is also planned.
Key Highlights
- 2,175‑square‑foot storefront with two above‑grade levels and an unfinished sublevel
- Existing food‑and‑beverage layout includes a commercial kitchen and two wet bars
- Leased through May 15, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,082
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,640
$1.1M
Cap Rate 7%
$801,171
$801.2K
Cap Rate 9%
$623,133
$623.1K
Market Conditions
NOI Build-Up for 2,175 SF
Gross rent
$78.3K $36.00/SF
− Vacancy
−$3.5K −$1.62/SF
EGI
$74.8K $34.38/SF
− OpEx
−$18.7K −$8.59/SF
NOI
$56.1K $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%
$1,121,640
Cap Rate 7%
$801,171
Cap Rate 9%
$623,133
Alternative Uses
Best Use
Specialty Retail
$801.2K
$701.0K – $934.7K
NOI $56,082 @ 7.0% cap · market cap 7.01%
Second Best
Retail
$695.7K
$608.8K – $811.7K
NOI $48,701 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.12M
$982.6K – $1.31M
NOI $78,607 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
169k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 29%
Shops & Services 23%
Apparel 3%
Safeway
Groceries
43,318 visits/mo
0.3 miles
Aldi
Groceries
31,612 visits/mo
0.5 miles
Chick-fil-A
Dining
27,104 visits/mo
0.1 miles
McDonald's
Dining
15,820 visits/mo
0.3 miles
Bank of America
Shops & Services
14,101 visits/mo
0.5 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
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Washington, DC
Properties on Market for Storefront properties in Washington
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Storefront property - Two above-grade floors and an unfinished lower level accompany a commercial kitchen and two wet bars.
Where is this storefront property located?
The property is located at 1378 H Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,175‑square‑foot storefront with two above‑grade levels and an unfinished sublevel; Existing food‑and‑beverage layout includes a commercial kitchen and two wet bars; Leased through May 15, 2027
