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    753 8Th St Washington, DC 20003

    Sponsored
    For Lease
    $60 SF/Yr

    Prime Navy Yard Retail Space, 1,150 SF

    Lot size:
    5,119 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located in the vibrant Barracks Row/Navy Yard/National Park submarket of Washington, DC, presents a unique investment opportunity. Situated on the ground floor of a three-story building on a corner lot, this single-tenant space offers 1,150 square feet of retail area, complemented by a full basement level, adding significant storage or expansion potential. The building's total square footage is 5,119 square feet, situated on a 0.05-acre lot. The property is ideally suited for a variety of businesses, particularly those catering to a specific niche market, such as an ethnic cafe, hair/nail salon, or other destination-focused enterprises. The asking price is $65.50 per square foot, plus triple net. This rapidly developing area offers significant growth potential, making this a compelling investment in a thriving and desirable neighborhood. The Barracks Row/Navy Yard/National Park area is experiencing substantial expansion and transformation, presenting a rare chance to establish a business in a location poised for continued success. This is a ground-floor retail space with high visibility and foot traffic, promising strong returns for the right operator. Don't miss this chance to secure a prime retail location in one of Washington, D.C.'s most dynamic neighborhoods.

    Property Features for 753 8Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,119 SF
    Total Rate
    25595

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Size
    1,100 SF
    Rate per SF
    $60

    HighLights

    • Ground floor retail space, 1,150 square feet, plus basement.
    • Single‑tenant occupancy.
    • Located in the Barracks Row/Navy Yard/National Park submarket of Washington, DC.
    • Asking price: $65.50 per square foot, triple net.
    • Suitable for destination‑focused businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.99524
    Latitude
    38.879468

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    FAQs

    What type of property is this?
    Restaurant - Prime Navy Yard Retail Space, 1,150 SF
    Where is this restaurant located?
    The property is located at 753 8Th St Washington, DC.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: Ground floor retail space, 1,150 square feet, plus basement.; Single-tenant occupancy.; Located in the Barracks Row/Navy Yard/National Park submarket of Washington, DC.
    Request Owner's contact information
    753 8Th St Washington, DC 20003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    753 8Th St Washington, DC 20003
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