1949 Vermont Ave NW,WASHINGTON, DC 20001
WASHINGTON, DC 20001
Description
An exceptional and rarely available commercial investment portfolio comprising three interconnected buildings situated at the heart of Washington, DC's most celebrated and culturally vibrant corridor - Historic U Street NW. This offering at 924-926 U Street NW and 1949 Vermont Avenue NW represents an extraordinary convergence of stabilized, income-producing retail and residential assets anchored by two thriving food-and-beverage operators, set within one of the District's most dynamic and historically significant neighborhoods. This is a true trophy offering: a corner-positioned, multi-building assemblage with immediate cash flow, long-term appreciation upside, and meaningful development optionality - all within steps of the U Street Metro Station. Immediate, Stabilized Income from Proven Operators The portfolio is anchored by two highly successful food-and-beverage tenants operating at 924-926 U Street NW: Service Bar - One of DC's most recognized and award-winning cocktail bars, consistently drawing local and national acclaim. A destination venue that generates strong, reliable foot traffic and has become a cultural institution on U Street. A Thriving Taqueria - A beloved and high-volume neighborhood restaurant concept, further solidifying the retail strength of the U Street frontage. These are not speculative tenants. These are proven, established operators with loyal customer bases and strong brand identities - providing the incoming investor with immediate, recurring income from Day One. The third building, located steps away at 1949 Vermont Avenue NW, adds a residential rental income component to the portfolio, further diversifying the revenue stream and enhancing overall asset stability. Originally constructed in 1888, this historic structure sits on a 598 SF corner lot within the Greater U Street Historic District and is currently configured for residential use.
Details
| MLS # | DCDC2260528 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1888 |
| Days On Site | 169 |
| Listing Provided By | District Real Estate, LLC. | Frederick Hubig |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 3 Total |
| Basement | Y |
| Story(s) | 3 |
| Zoning | CM1 |
| Acreage | 0.01 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 17714 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20001 |
| Area | WASHINGTON DC |
| Community Name | OLD CITY #2 |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in OLD CITY #2) | |
Price: $2,100,000 low | high Med: $375,000 On site: 169 low | high Med: 263 | |
Market Activity 20001
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20001 |
| Area | WASHINGTON DC |
| Community Name | OLD CITY #2 |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in OLD CITY #2) | |
Price: $2,100,000 low | high Med: $375,000 On site: 169 low | high Med: 263 | |
 | $1,999,999924 U St NwWashington, DC 20001 |