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1508 U Street NW
Washington, DC 20009
Asking Price
$1.90M
Cap Rate
8.53%
Asset Type
Executive Office Retail
Class
Class B
What's Special
Retail | 8.53% CAP | 3,600 SqFt <ul><li>Prime U Street Corridor Location Steps From 14th & U with Strong Foot Traffic and Visibility</li><li>Flexible MU-4 Zoning Allowing Retail, Office, and Multifamily Uses</li><li>Fully Vacant Bi-Level Office and First-Floor Retail Offering Immediate Lease-Up or Owner-User Opportunity</li><li>Great Streets Grant Eligible with Potential Up to $80,000 for Improvements</li><li>Four-Story, 3,576 SF Building Renovated in 2020</li><li>Excellent Transit Access Near U Street Metro, Metrobus, a
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NOI
$80,000
Cap Rate
4.22%
DSCR
0.71
Underwater
Cash-on-Cash
-5.72%
Monthly Payment
$9,375.426
Annual Cash Flow
$-32,505.113
