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Welcome to an exceptional opportunity to own a premier commercial property featuring a thriving restaurant in a bustling location. Situated in the heart of H Street Corridor, this property boasts high visibility, heavy foot traffic, and excellent accessibility, making it an ideal investment for seasoned restaurateurs or savvy investors seeking a turnkey business opportunity. The building owner has operated a booming British pub style restaurant and bar, the Queen Vic since 2011. The property, which spans over 2000 sqft over two levels, comes fully equipped with a commercial kitchen with type-2 venting, two large bar areas, two large seating areas, and two outdoor spaces. At $55/ft NNN for this turn-key restaurant, this property would have a cap rate of 7. Do not miss this incredible investment opportunity!
| DAYS ON MARKET | 175 | LAST UPDATED | 9/30/2024 |
|---|---|---|---|
| TRACT | H STREET CORRIDOR | YEAR BUILT | 1930 |
| COUNTY | WASHINGTON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Sep 30, '24 | $1,595,000 |
|---|---|
| Sep 30, '24 - Today | $1,395,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Central, Natural Gas |
| LOT | 1307 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | H STREET CORRIDOR |
| TAXES | 13588 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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