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    1245 H St Washington, DC 20002

    Sponsored
    For Lease
    $35 SF/Yr ($15,475 /Mo)

    Prime DC location, 5,306 sq ft, fully built-out.

    Lot size:
    5,306 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail property, located at 1245 H St NE in Washington, DC's vibrant H Street Corridor, presents a unique opportunity for lease or purchase. The building, totaling 5,306 square feet, is situated on a 2,043 square foot lot and is currently entirely vacant. The space is ideally suited for a restaurant, featuring a meticulously finished interior with high-end details. Its versatile layout allows for flexibility, potentially accommodating two separate restaurant concepts. A significant advantage is the inclusion of two outdoor patio areas, one each on the second and third floors, providing ample space for al fresco dining. The building's location within the bustling H Street Corridor ensures high foot traffic and visibility, making it an attractive proposition for businesses seeking to thrive in one of Northeast Washington, DC's most dynamic neighborhoods. The property is classified as Street Retail within Columbia County, and the building is spread across four floors. This presents a rare chance to acquire a fully built-out restaurant space in a prime location, ready for immediate occupancy. The zip code is 20002.

    Property Features for 1245 H St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,306 SF
    Class
    A
    Total Rate
    15475.83

    Unit(s) available at that property

    Space
    2nd Generation Restaurant Space on H St
    Size
    5,306 SF
    Rate per SF
    $35

    HighLights

    • 5,306 SF restaurant space.
    • Four‑story building.
    • Fully built‑out, turnkey restaurant.
    • Dual‑concept restaurant potential.
    • Two large outdoor patios (2nd & 3rd floor).
    • High‑end finishes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    Columbia
    State
    District of Columbia
    Longitude
    -76.9886864
    Latitude
    38.8999893

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    FAQs

    What type of property is this?
    Retail property - Prime DC location, 5,306 sq ft, fully built-out.
    Where is this retail property located?
    The property is located at 1245 H St Washington, DC.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 5,306 SF restaurant space.; Four-story building.; Fully built-out, turnkey restaurant.
    Request Owner's contact information
    1245 H St Washington, DC 20002
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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
    1245 H St Washington, DC 20002
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