1818-1820 Benning Rd NE Washington, DC 20002

Located in Washington, DC, this property at 1818-1820 Benning Rd NE presents an investment and development opportunity. The lot measures 0.09 acres, and the building encompasses 3,215 square feet, constructed in 1947. Situated within an Opportunity Zone, the property offers potential tax benefits. 1818 Benning Rd NE is currently leased to a liquor store, occupying approximately 1,955 sq. ft., with a lease extending to November 30, 2026, generating an annual rent of $45,799. The adjacent unit at 1820 Benning Rd NE is vacant and available for immediate rental or owner-occupancy, with a potential annual rental income of $45,000. The vacant unit's owner-occupancy potential makes the property eligible for SBA financing. The property is located a couple blocks from the H Street corridor, near conveniences like Whole Foods, and offers access to Union Station via the H Street streetcar. It is also one block from multiple Metrobus and DC Streetcar stops, with access to routes like 295 & Route 50. The location is surrounded by nearly 4,000 multifamily units and over 103,600 square feet of retail space proposed or under construction within a 1-mile radius. The area has over 167,900 residents within a 2-mile radius, with an average household income exceeding $133,200 annually, and total consumer spending above $2.6 billion. Nearby retailers include Aldi, Chick-fil-A, CVS, Safeway, and Starbucks, with cultural venues such as the National Arboretum and Atlas Performing Arts Center also nearby. The location benefits from high visibility on a highly trafficked corridor with nearly 40,000 vehicles passing by daily. The property offers the potential to develop a multifamily mixed-use project, with the potential for 20+ residential units combined with retail space on the ground floor.