1013 H NE St Washington, DC 20002-3743
- Retail space
- 1,830 SF
- 0.04 lot acres
May 19, 2025
Current Use by Public Records
- Retail space
Property Details for 1013 H NE St
- Year built
- 1932
- Construction
- BRICK
- Lot size
- 0.04 lot acres
- Property size
- 1,830 SF
- Zone code
- NC-16
- Property type
- Retail space
- APN
- 0959 0812
- APU
- 9590812
Description
This exceptional 1,807 square foot retail storefront, located at 1013 H Street NE in Washington, DC, presents a unique investment opportunity. Currently configured as a turnkey hair and nail salon, the property boasts 100% occupancy and a strong pro-forma NOI of $78,949, yielding a 6.00% cap rate. Situated on the vibrant H Street NE corridor, this single-story, 1932-built building (renovated in 2002) benefits from convenient streetcar access and proximity to Union Station. The property sits on a 1,787 square foot lot and is zoned NC-16, allowing for flexible mixed-use development. The total building size is 5,361 square feet, offering significant potential for expansion. The location is experiencing substantial growth, with median household income projected to reach $161,000 by 2026, up from $106,000 in 2016. This prime location is just four blocks from Whole Foods and other high-quality retail establishments, ensuring strong foot traffic and visibility. The lease type is NNN, and the property is offered fee simple. This is an ideal opportunity for investors seeking a stable, high-performing asset in a rapidly developing neighborhood. The property is currently vacant and ready for immediate occupancy or redevelopment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -76.9921
- Latitude
- 38.8999
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
