Versatile Four Level Property In Vibrant Neighborhood

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 cafe/bar tenant that has successfully operated at the location since two thousand thirteen. The existing lease has approximately five years remaining, with three percent 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-bathroom 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, D. C.’s most popular restaurants, entertainment venues, and neighborhood amenities.