1336 U St NW Washington, DC 20002
- Commercial real estate
- 5,014 SF
- 0.04 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1336 U St NW
- Year built
- 1905
- Construction
- BRICK
- Lot size
- 0.04 lot acres
- Property size
- 5,014 SF
- Zone code
- ARTS-1
- Property type
- Commercial real estate
- APN
- 0237 0047
- APU
- 2370047
Description
This exceptional, fully occupied, 6,000 square foot Class A retail building is located at 1336 U St NW, Washington, DC 20009. Situated in the vibrant U Street Corridor, this fee-simple property boasts a new 10-year lease (through May 2034) with a high-quality tenant, Highlight Kitchen & Lounge. The lease includes annual rent increases of 3.0%. The building, originally constructed in 1905 and extensively renovated in 2024, features four floors plus a basement, and a glass-enclosed rooftop. Recent renovations included a complete interior build-out, upgraded security systems (including cameras), a new sound system, and comprehensive WiFi cabling. The property is zoned ARTS-1 and sits on a 1,800 square foot lot. The tenant is responsible for expense pass-throughs, minimizing landlord responsibilities. This prime location benefits from excellent proximity to the Metro and a dense population of high-income residents (33,000 residents within a 0.5-mile radius, averaging $221,000 in annual household income). This is a Core+ investment opportunity with significant upside potential. The single-tenant, NNN lease structure provides a stable and predictable income stream. This is a rare opportunity to acquire a turn-key, high-performing asset in one of Washington, D.C.'s most desirable retail locations.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,685,000
- 6.5%
- $1,560,000
- 7%
- $1,445,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $901,000
Market price range: $354k - $1.11M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,185,000 Current use
- OFFICE BUILDING
- $2,010,000 Change: -8% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,955,000 Change: -10% Conversion: Moderate
- RETAIL STORES
- $1,785,000 Change: -18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0311
- Latitude
- 38.9167
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA