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    1240 Pennsylvania Ave Se Washington, DC 20003

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    For Lease
    $1,200,000

    Versatile space near Eastern Market, ideal for retail or office.

    Property size:
    2,736 SF
    Lot size:
    0.03 Acres

    Property Features for 1240 Pennsylvania Ave Se

    General Information

    Size
    2,736 SF
    Lot size
    0.03 Acres

    Source: Vantage Commercial Realty Agent Ruchi Kapani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail/Office Space Available

    This property offers approximately 2,736 square feet of space across three levels, suitable for retail, restaurant, or professional office use due to its MU-25 zoning. It features a prominent glass storefront providing excellent signage visibility. The interior is fully built-out with modern finishes. There is potential for an outdoor seating or display area. The space is vacant and ready for immediate occupancy. The property is located steps from Eastern Market, Barracks Row, and the Eastern Market Metro Station (Blue/Orange/Silver Lines). It is surrounded by a mix of national and local retailers, restaurants, and services, benefiting from excellent demographics and a dense residential base. Pennsylvania Avenue provides direct access to Capitol Hill, Downtown DC, and major commuter routes.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -76.9888608
    Latitude
    38.8820213

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    FAQs

    What type of property is this?
    Retail space - Versatile space near Eastern Market, ideal for retail or office.
    Where is this retail space located?
    The property is located at 1240 Pennsylvania Ave Se Washington, DC.
    What are key features of this property?
    This property features: - Prime Location: Steps from Eastern Market, Barracks Row, and Eastern Market Metro Station (Blue/Orange/Silver Lines).; - Versatile Zoning: MU-25 zoning allows for retail, restaurant, or professional office use.; - Immediate Occupancy: Vacant and ready for immediate occupancy.
    (202) 347-3760
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    Washington, DC 20003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1240 Pennsylvania Ave Se Washington, DC 20003
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