309-311 H Street NE

Address: 309-311 H Street NE Washington DC 20002, Washington, District of Columbia, US

Washington DC + Apartments

Created date: September 5, 2023

Date last updated: September 5, 2023

- 6,796 SF retail building presently vacant and available for quick lease-up or additional vertical residential development to support growing submarket
- Two levels over basement with large rooftop deck lends the building to a wide array of commercial uses in its existing building footprint
- Immediate Proximity to Union Station
- $1.5M renovation completed in 2021 includes structural upgrades, roof deck, sprinkler system, electrical, and rear stair tower
- Open design with no pillars on 1st or 2nd floors allows for flexibility of layout or demising
- Solid support and foundation: Helical piers in the soil supported by 5x5” steel structural columns. Can support heavy roof load or multi-floor development

Property Description

KLNB is pleased to exclusively present for sale the fee simple interest in 309-311 H Street NE, Washington DC. The 6,796 SF retail building is being offered for sale entirely vacant as an exciting opportunity for a multitude of owner/user, value add, and development-oriented investors. The building, with two retail stories over basement and a large rooftop deck (additional 1,770 SF). The building has undergone significant capital improvements in recent years, totaling $1.5M as of 2021, and has a heavily supported foundation that can sustain additional vertical development. Zoned NC-10, the site can be developed up to a 3.5 FAR (4.0 IZ), offering ability to add a residential component. Positioned across the street from Giant and between two newly constructed buildings, a 112 unit planned development and a 25 unit by-right multifamily building on the east and west, the asset is well located in a growing submarket.

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