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507 H Street NW

WASHINGTON, DC 20001
  • $2,750,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: DCDC2084424
$2,750,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

100% leased (NNN) commercial building with a restaurant , Current NOI is $116,688.60 , Restaurant has been at the location for 12 years, 8 year remaining lease plus 5 year option, Tenant is responsible for the roof, Rare investment opportunity with immediate cash flow yields coupled with future add-value opportunity, Four-level commercial building, Walking distance to Gallery Place Chinatown Metro and Verizon Center, Across the street from Fairfield Inn and Suites by Marriott, Rapidly growing area with huge economic value.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Reston. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-03-20T23:49:46.87.
www.thepianohomegroup.com/homes/137047142
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507 H Street NW WASHINGTON, DC 20001

  • Price: $2,750,000
  • Status: Active
  • On Site: 32 Days
  • ID#: DCDC2084424
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1890
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
100% leased (NNN) commercial building with a restaurant , Current NOI is $116,688.60 , Restaurant has been at the location for 12 years, 8 year remaining lease plus 5 year option, Tenant is responsible for the roof, Rare investment opportunity with immediate cash flow yields coupled with future add-value opportunity, Four-level commercial building, Walking distance to Gallery Place Chinatown Metro and Verizon Center, Across the street from Fairfield Inn and Suites by Marriott, Rapidly growing area with huge economic value.
Exterior Features

Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Soil Types Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2936.00 Cooling Central A/C Heating Heat Pump(S) Heating YN Yes Net Square Feet 2936.00

Property Features

Accessibility Features None Assessment Year 2022 Association YN No Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N Net Operating Income 116688.60 New Construction YN No Original MLSNumber 802160961300 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 26036.00 Tax Assessment Amount 1590850.00 Vacation Rental YN No Water Source Public Zoning 067

Listing courtesy of Samson Properties: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Reston. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-03-20T23:49:46.87.
 
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