1415 H St NE Washington, DC 20002

This 1,600 sq ft mixed-use building at 1415 H St NE, Washington, DC 20002, offers a unique investment opportunity. Built in 1900 and renovated in 2008, this fee-simple property boasts a vacant storefront, perfect for an owner-user seeking retail space with additional upper-level space. The 1,146 sq ft lot includes 5,501 sq ft of air rights, presenting substantial potential for future expansion or redevelopment. Currently zoned NMU-7B/H-A, this flexible zoning allows for various use combinations, including retail with residential or office space above. The asking price is $900,000, representing a price per square foot of $562.50 and a pro-forma cap rate of 7.52%, with a pro-forma NOI of $67,656. Its prime location on the 1400 block of H Street NE, near the intersection of H Street, Bladensburg Rd, Benning Rd, and Maryland Ave, ensures high foot traffic due to its proximity to Hechinger Mall and the DC Streetcar. This value-add opportunity is ideal for an investor seeking to lease the retail space or convert the upper level to residential. The property consists of one building with two stories. The building's features include 1,600 sq ft of net rentable space.