1201 Mount Olivet Rd Ne Washington, DC 20002

Building Details

Year Built

1955

Listing office MEGA REALTY & INVESTMENT INC m***@gmail.com Show Phone

Listing date May 19, 2026

Source Corcoran

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

All listing content including descriptions, pricing, images are the copyrighted material of MEGA REALTY & INVESTMENT INC

Report an issue

---

Investment Insights

Based on property information with market context.

Located at the corner of Mt. Olivet Road and Montello Avenue NE, this commercial listing offers a 3,000-square-foot freestanding commercial building and the Northeast Supermarket business. The MU-4 zoning permits mixed-use development, blending multi-family housing with neighborhood-serving retail, office spaces, and service centers. The Northeast Supermarket has been a retail hub for the community for approximately 70 years. Recent upgrades include a new commercial roof and a new commercial cooler system. The property is located inside the target zone of the District’s multi-phase municipal revitalization plans, including The Ivy City Small Area Plan, which guides infrastructure capital into this corridor. The city's master plan prioritizes the expansion of new housing options, active pedestrian-friendly streets, and community-serving commercial retail along the Ivy City and Trinidad borders. The location is positioned blocks away from Union Market and Ivy City. The property offers air rights expansion, allowing for the development of a multi-story apartment or condo complex over ground-floor retail.

Key Highlights

• High‑upside mixed‑use redevelopment potential: MU‑4 zoning allows for multi‑family housing with retail, office, or service centers, enabling lucrative vertical development.
• Turnkey business with strong cash flow: Includes the Northeast Supermarket, a thriving business with consistent revenue under absentee ownership, ensuring immediate income.
• Strategic location in revitalization zone: Situated within the Ivy City Small Area Plan, benefiting from planned public and private infrastructure investment.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,580,000

  3,500 SF

  Columbia Heights Mixed-Use Investment

  Mixed-use property with retail and residential units in DC.

  1500 OGDEN Street NW, WASHINGTON, DC 20010

  View Details
• 

  $1,950,000

  3,000 SF

  Turnkey Mixed-Use Redevelopment Opportunity

  Freestanding commercial building with thriving business in growing DC corridor.

  1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002

  View Details
• 

  $2,300,000

  1,761 SF

  Prime Retail Opportunity in Washington

  Commercial property in active retail corridor, ideal for owner-user.

  1434 WISCONSIN Avenue NW, WASHINGTON, DC 20007

  View Details
• 

  $1,975,000

  3,665 SF

  Three-Unit Townhouse with Rooftop Deck

  Three separate residences in a townhouse layout, anchored by a top-level owner space with rooftop deck and private off-street parking.

  1768 WILLARD Street NW, WASHINGTON, DC 20009

  View Details
• 

  $869,000

  3,244 SF

  Fully Occupied Quadplex Investment

  Quadplex with four fully occupied units and architectural drawings available for possible future condo conversion.

  1729 TRINIDAD Avenue NE, WASHINGTON, DC 20002

  View Details
• 

  $1,295,000

  2,924 SF

  Renovated Quadplex with Separate Utilities

  Four 2025-renovated units with separate gas and electric meters and in-unit laundry, plus a fenced yard for parking and recreation.

  4025 KANSAS Avenue NW, WASHINGTON, DC 20011

  View Details
• 

  $799,000

  5,854 SF

  Six-Unit Multifamily Building with RA-1

  Nearly vacant six-unit building offers a functional unit mix and RA-1 zoning for permitted reconfiguration.

  356 RALEIGH Street SE, WASHINGTON, DC 20032

  View Details
• 

  $1,200,000

  Office Condominium with Parking

  Professional office unit with private parking, multiple offices and conference rooms, and immediate occupancy in DC.

  3232 GEORGIA Avenue NW, WASHINGTON, DC 20010

  View Details
• 

  $859,888

  3,480 SF

  Four-Unit Multifamily Building

  Vacant four-unit brick-front property with dens in each unit, offering flexibility for future bedroom configurations.

  2823 4TH Street NE, WASHINGTON, DC 20002

  View Details
• 

  $1,199,000

  3,497 SF

  Multifamily Property with Independent Entrances

  Legally configured two-unit building offering three distinct living spaces with independent entrances and rooftop solar included.

  760 LAMONT Street NW, WASHINGTON, DC 20010

  View Details
• 

  $560,000

  2,730 SF

  Multi-Unit Residential Income Property

  Well-maintained multi-unit property near a vacant lot offers flexibility for investors or first-time buyers.

  1107 48TH Place NE, WASHINGTON, DC 20019

  View Details
• 

  $1,175,000

  3,376 SF

  Fully Renovated 4-Unit Multifamily

  Turnkey four-unit building with fully renovated 3-bedroom layouts and in-unit laundry, offering flexible occupancy options.

  1250 QUEEN Street NE, WASHINGTON, DC 20002

  View Details

Similar Off Market Nearby

• Mudrick's Market — 1064 Bladensburg Rd NE, Washington, DC 20002
• MOM's Organic Market — 1501 New York Ave NE, Washington, DC 20002
• Compact Supermarket — 1613 montello ave ne, washington, dc 20002
• Northeast Supermarket — 1201 Mt Olivet Rd NE, Washington, DC 20002
• Safeway — 1601 Maryland Ave NE, Washington, DC 20002

FAQs

What type of property is this?

Grocery and convenience store - Freestanding commercial building with thriving business and redevelopment potential.

Where is this grocery and convenience store located?

The property is located at 1201 Mount Olivet Rd Ne Washington, DC.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: High‑upside mixed‑use redevelopment potential: MU‑4 zoning allows for multi‑family housing with retail, office, or service centers, enabling lucrative vertical development.; Turnkey business with strong cash flow: Includes the Northeast Supermarket, a thriving business with consistent revenue under absentee ownership, ensuring immediate income.; Strategic location in revitalization zone: Situated within the Ivy City Small Area Plan, benefiting from planned public and private infrastructure investment.