Address
507 H Street NW Washington, DC
Price
$ 2,600,000
Property Attributes
  • MLS#DCDC507958
  • TypeCommercial
  • CountyWASHINGTON
  • CityWashington
  • Zip20001
  • StyleRestaurant/Bar
  • Year Built1890
  • Taxes$ 25043
  • Price$ 2,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2936
  • Lot Size1,742 SqFt
Listing Provided Courtesy Of:
Samson Properties
Data Source:
Bright MLS
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

Price History
2/12/2021 Listed $2,600,000

General Features

Accessibility None
Business Type Restaurant/Bar
Construction Materials Brick
Cool Fuel Electric
Cooling Central A/C
County WASHINGTON
Days on Market 87
Heating Heat Pump(s)
Legal Subdivision CENTRAL
New Construction No
Ownership Fee Simple
Possession 31-60 Days CD
Price Per Sq Ft 885.56
Property SubType Mixed Use
Property Type Commercial Sale
Sewer Public Sewer
Tax Annual Amount 25043.0
Tax Lot 3
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning TX-002

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 2936.00
Lot Size Acres 0.04
Lot Size Source Assessor
Lot Size Square Feet 1600.00
Navigable Water Y/N No
Soil Types Unknown
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 20001

Price
AVG $1.11M
$2.6M
Taxes
AVG $16,679
$25,043
Visits
AVG 116
304
Year Built
AVG 1917
1890
Walkscore
AVG 97
96
Data Provided by Walkscore ® not using MLS data

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