1002 H StWashington, DC 20002

Property Details for 1002 H St

Year built

1923

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

2,579 SF

Zone code

NC-16

Property type

Retail properties

Property subtype

Retail space

APN

0958 0021

APU

9580021

Description

This exceptional mixed-use building, located at 1002 H St NE in Washington, DC, presents a compelling redevelopment opportunity. The property boasts a prime location near the corner of 10th and H St NE, offering excellent visibility and accessibility. The two-story structure encompasses a total of 1,773 square feet, situated on a 1,187 square foot lot. Currently vacant, this storefront presents a blank canvas for a variety of uses. Previously occupied by Liberty Tax, the building's history suggests its suitability for office and retail spaces. The asking price is $999,999, and the property is classified as a redevelopment investment. The building's mixed-use zoning allows for flexibility in its future use, catering to owner-occupiers seeking a high-traffic location with direct access to national and local retailers. This is an ideal opportunity for an investor or business owner looking to establish a presence in a vibrant and rapidly developing area of Washington, DC. The property's strategic location and substantial square footage make it a highly attractive investment prospect in a sought-after neighborhood. The vacant status allows for complete customization to suit the buyer's specific needs and vision. This is a rare chance to acquire a significant property in a dynamic and growing market. The zip code is 20002.

• CAP approach

  CAP return

  Valuation

  6%

  $979,742

  6.5%

  $904,378

  7%

  $839,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,085,411

  Geo Method

  $1,085,411

• Alternative Use

  Use

  Valuation

  Residential

  $762,876

  Hospitality

  $698,791

  Educational

  $581,386

  Medical

  $601,380

  Retail

  $904,378

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9004

Longitude

-76.9924

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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