1,233 Sqft Lot
1,233 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID DCDC2267384
Year Built 1910
Available Date 2026-06-11
Annual Tax Amount $21,753
Tax Year 2024
Lot Size 1,233 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The property is occupied by a well-established café/bar tenant that has successfully operated at the location since 2013. The existing lease has approximately five years remaining, with 3% annual rental increases, providing investors with predictable income growth.
A unique feature of this asset is its versatile layout. The third level is currently configured as a one-bedroom, one-bath residential apartment, while the second level offers the potential for conversion to an additional unit, subject to buyer due diligence, zoning requirements, and any necessary approvals. This configuration provides flexibility for future ownership considerations.
Positioned within the RTS-3 zoning district, the property offers flexibility for future use and redevelopment potential. The RTS-3 designation is intended to permit medium-density, mixed-use development with a focus on employment uses, making this an attractive acquisition for investors seeking both strong in-place returns and long-term value appreciation.
Situated just steps from the thriving U Street corridor, the property benefits from exceptional visibility, consistent foot traffic, and proximity to some of Washington, DC's most popular restaurants, entertainment venues, and neighborhood amenities
Location
State DC
County Washington
Zoning ARTS-3
Interior
Hot Water 60+ Gallon Tank
Heating Hot Water
Cooling Central A/C
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0238//0088
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
