1346 T Street NW, Washington, DC 20009

USD 1,350,000

For Sale MLS: DCDC2267384

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Property Details

Description

Here's your opportunity to acquire a fully leased commercial asset in one of the District's most vibrant and sought-after neighborhoods. Located within the Greater U Street Historic District, this four-level property is currently tenant occupied and offers a stabilized income stream The property is occupied by a well-established caf /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

PROPERTY DETAILS: Square Feet: 2746

INTERIOR FEATURES: • Cooling: Central Air • Heating: Hot Water

EXTERIOR FEATURES: • Parking: On Street. • Exterior: Brick • Zoning: ARTS-3

LISTING AGENT: Agent: Ashley Brooks | Office: Long & Foster Real Estate, Inc. | Phone: 3012491600 | Email: [email protected]

LISTING INFORMATION: MLS#: DCDC2267384 | Status: FOR SALE

Location

Address

1346 T Street NW

City

Washington

Features and Finishes

Interior Features:

• Cooling: Central Air

• Heating: Hot Water

Exterior Features:

• Parking: On Street.

• Exterior: Brick

• Zoning: ARTS-3

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