Storefront with Food and Beverage
For Sale
Contact for pricing
1378 H Street Northeast, Washington, DC 20002
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 Market15
Property Features for 1378 H Street Northeast
General Information
Standard status
Active
Size
2,175 SF
Property subtype
Retail
Zoning
NMU-7B/H-A
Occupancy
100%
Amenities
commercial kitchen
two wet bars
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Feldman Ruel
Listed By:
Josh Feldman · License #DC BR200201416
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Oct 5 at 4:27PM
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
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.
Property Analytics
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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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
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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
