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1421 H Street NeWashington, DC 20002MLS Number DCDC2140574

  • Price: $975,000
  • 40 Days on Market
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Federal 30-year interest rate: 6.95% last updated on Jun 13, 2024
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1421 H Street Ne Washington DC 200021421 H Street Ne Washington DC 200021421 H Street Ne Washington DC 200021421 H Street Ne Washington DC 200021421 H Street Ne Washington DC 200021421 H Street Ne Washington DC 200021421 H Street Ne Washington DC 200021421 H Street Ne Washington DC 200021421 H Street Ne Washington DC 20002
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  • 0.03Acreage
  • 1890Year Built
  • 428Price Per Square Foot
  • 2023Assessment Year
Marucs & Millichap is pleased to exclusively represent the owner of 1421 H Street NE, a mixed-use building with three stories, renovated in 2020, and located on the H Street Corridor. 1421 H Street NE is a 2,276 square foot mixed-use property that features a first and 2nd floor retail space including a a spacious lounge on the second floor. This building also includes two apartment units comprised of a studio unit, and a one-bedroom unit. The building sits on a .03 acre parcel, and it is zoned NMU-7B/H-A ,mixed-use medium density use). The retail space is currently vacant providing a new owner the opportunity to owner-occupy this portion of the building or lease the space to a retail tenant. The residential units are separately metered and fully leased with market rate tenants. Market rents (retail and residential) for the H Street corridor are increasing every year which allow a new owner the ability to increase cashflow with minimal capital improvements. In addition, the property features two parking spaces in the rear of the property. There is also street parking on H Street and rear access to the Maryland avenue street where there is additional street parking. The H Street corridor has experienced tremendous revitalization over the past several years surrounded by retail, award-winning restaurants, and new commercial real estate development . Transportation can be easily accessed through Union Station and the NoMa-Gallaudet metro stations, metro bus lines on H street and the DC Streetcar rail system which has almost 3,800 riders per weekday. 1421 H Street NE is centrally located between Union Market to the North, “NoMa” to the Northwest, and the historic neighborhood of Capitol Hill to the South. The property is also seven blocks away from Whole Foods, and walking distance to national retailers including Starbucks, CAVA, and Orangetheory Fitness, and numerous recently-delivered Class A , mixed-use buildings. This property offers an investor the opportunity to enter a rapidly transforming submarket at a relatively low-cost basis compared to other neighborhoods in Washington,DC. For any inquiries or information regarding this property, please contact the showing agent only after you and your client have reviewed the Offering Memorandum on our website. Reach out exclusively to the showing agent to schedule a tour or discuss any details.
Listed by Brian C Hosey, Marcus & Millichap Real Estate

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Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Location Information

  • UsmAreaWashington

Parking

  • Parking FeaturesUnassigned
  • Parking TypesOther

Basic Information

  • Date Listed05/07/2024

Location

  • Address1421 H Street Ne
  • Building Number1421
  • CountyWashington
  • DirectionsContinue on H Street NE until you reach 1421 H Street NE. The property is on the end of the corner of H Street and Maryland Ave NE in the 1400 block.
  • In City Limits YNYes
  • StateDC
  • SubdivisionOld City #1
  • TownWashington
  • Zip20002

Basic Information

  • Broker NameMarcus & Millichap Real Estate
  • List Price$975,000
  • MLS NumberDCDC2140574
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot428
  • StatusACT

Building

  • Building Area SourceAssessor
  • Building Area Total2276
  • Construction MaterialsBrick
  • Total Garage And Parking Spaces2
  • Year Built1890

Interior

  • FlooringHardwood, Laminated

Exterior

  • RoofFlat, Asphalt

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemCentral
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water SourcePublic

Tax Information

  • Assessment Year2023
  • City Town Tax$11,313
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount$685,610
  • Tax Lot31
  • Tax Year2023
  • Taxes$11,313
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.03
  • Business TypeOther/General Retail, Restaurant/Bar
  • Lot Size SourceAssessor
  • Lot Size Square Feet1,364
  • New Construction YNN
  • Property ConditionGood
  • Property SubTypeMixed Use
  • ZoningMU-4

Other

  • Soil TypesUnknown

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Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated June 16, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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