1012 H StWashington, DC 20002

  • Other commercial real estate
  • 4,261 SF
For Sale
$1,200,000 View listing

Property Details for 1012 H St

Year built
1915
Construction
BRICK
Lot size
0.05 AC
Property size (Sq ft)
4,261 SF
Zone code
NC-16
Property type
Other commercial real estate
APN
0958 0809
APU
9580809

Description

This exceptional mixed-use property at 1012 H St NE, Washington, DC, presents a unique investment opportunity. The 2,300 square foot building, classified as Class B, is currently vacant and offers a fee simple ownership structure. The property features a ground floor storefront retail space and a beautifully renovated loft apartment above, creating a versatile income stream potential. The building sits on a 2,264 square foot lot and includes two off-street parking spaces accessible from a rear alley. Zoned NMU-4/H-R, the property allows for a variety of uses. The asking price is $1,200,000, translating to $521.74 per square foot. This property is part of a larger portfolio of buildings along the north side of the 1000 block of H St NE, offering potential for acquisition as a package or individually. The building consists of two units within one building, offering flexibility for future development or leasing strategies. The location in the vibrant H Street Corridor provides excellent visibility and access to a diverse customer base. The vacant status allows for immediate customization and tenant selection, maximizing return on investment. This is an ideal opportunity for investors seeking a prime location in a rapidly developing area of Washington, DC. The property's unique blend of retail and residential space, coupled with its convenient parking, makes it a highly desirable asset.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,260,417
    Hospitality
    $1,154,536
    Educational
    $960,560
    Medical
    $993,595
    Retail
    $1,494,204
1012 H St, Washington, District of Columbia
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Location Insight

City
Washington
County
District Of Columbia
State
DC
Latitude
38.9005
Longitude
-76.9922
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,339
$443,790
$863,240
$1,307,030
-
$443,790
$863,240
$1,307,030

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