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    507 H Street NW

    WASHINGTON, DC 20001
    • $2,600,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: DCDC507958
    UPDATED: 59 min ago
    $2,600,000
    • 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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    ©2021 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 The Sky Group of Long & Foster Real Estate. 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: 2021-05-14T17:54:57.437.
    www.theskygroup.com/homes/114191890
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    507 H Street NW WASHINGTON, DC 20001

    • Price: $2,600,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: DCDC507958
    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 2020 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 304477551929 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 25043.00 Tax Assessment Amount 1580380.00 Tax Lot 3 Vacation Rental YN No Water Source Public Zoning Tx-002

    Listing courtesy of Samson Properties.


    ©2021 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 The Sky Group of Long & Foster Real Estate. 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: 2021-05-14T17:54:57.437.
     
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    The Sky Group of Long & Foster Real Estate
    7700 Old Georgetown Rd, Suite 120
    Bethesda MD, 20814