517 H StWashington, DC 20002

Property Details for 517 H St

Year built

1910

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

2,446 SF

Zone code

NC-9

Property type

Retail properties

Property subtype

Retail space

APN

0833 0805

APU

8330805

Description

Exceptional owner-user opportunity in Washington, DC's vibrant H Street Corridor. This 2,472 square foot, two-story building (plus basement) is a former restaurant, ready for immediate occupancy. Previously housing DC Harvest, the property boasts excellent condition and is ideally suited for a restaurant or similar use. Located on a 1,400 square foot lot, it benefits from NMU-4/H-H zoning, offering a 2.5 FAR (3.0 IZ). The property's prime location is caddy-corner to a Whole Foods and surrounded by thriving businesses including Nando's Peri-Peri, Cava, Corepower Yoga, Chase Bank, and Nike. This affluent neighborhood boasts an average household income of $220,688 within a quarter-mile radius, encompassing 6,820 residents. Conveniently situated, the property is a 7-minute walk from Union Station and directly on the H Street Streetcar line, ensuring excellent accessibility. The asking price is $1,220,000, translating to $493.53 per square foot. The building was renovated in 2014. This fee-simple ownership opportunity presents a compelling value-add investment in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $929,217

  6.5%

  $857,739

  7%

  $796,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,029,436

  Geo Method

  $1,029,436

• Alternative Use

  Use

  Valuation

  Residential

  $723,535

  Hospitality

  $662,754

  Educational

  $551,403

  Medical

  $570,367

  Retail

  $857,739

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9

Longitude

-76.9988

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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