Sunday, November 20, 2011

413 H St sold for $550,000

The blighted vacant shell of a building at 413 H St (next door to Capital Fine Wine & Spirts near Sidamo and on the block bookended by The Big Board and Ethiopic) sold for $550,000 last week.  The building's previous owner made a good bit of money by doing nothing with the property according to DC property records.  The Office of Tax and Revenue shows the property was purchased in 2002 for $167,500, so the former owner appears to have taken nearly $400,000 by doing little more than paying the property taxes for the past several years.  The building was added to DCRA's "blighted" property list earlier this year and thus subjected to the "blighted" tax rate of 10%.  It was listed for sale soon thereafter for $650,000 in July.

We haven't spoken with the new owner, but are reliably informed that he plans to begin renovation of the building soon in anticipation of making it available for lease. 

This is yet another sign of great progress on the western end of H Street over the past year. 413 H Street joins 5 other properties currently under renovation on the 400 block of H Street and is just east of the ongoing 360 H Street/Steuart Development mixed-use project which will house a Giant grocery store & a couple hundred residential units in 2013.


  1. One more score for the west end.
    Also, not sure if this is old news or what.. but here are renderings of the place on the corner of 4th and I (318 I street).
    QR code on the banner around construction brought me to this...

  2. Well put. It's so insulting to see how sometimes our meritocracy fails us. Glad to see this property is being put to good use.

  3. Thanks for the update! I am happy to see the West End fill in. It is great that the blighted tax worked to get the property into new hands. It will be interesting to see what happens to the South side of the 300 block of H St. It seems like there is a lot of potential there with the empty lots.

  4. It's not even 9am and your Ward6 is already paying attention to issues in his ward. He's going to be great for Shaw.

    via Twitter @TommyWells
    Blighted prop tax working on H St
    15 minutes ago via Twitter for iPad

  5. That is great news! Also, @ 9:48 PM, it is great to see that ground breaking of the AVA. The density is great for H St.

  6. Saw guys workin upstairs this morning!