Freestanding Grocery
For Sale
$1,600,000
1201 MOUNT OLIVET Road NE, Washington, DC 20002
Commercial Sale, WASHINGTON, DC
Property Size3,000 SF
Lot Size0.29 Acres
Price / SF$533.33
Days on Market140
Property Features for 1201 MOUNT OLIVET Road NE
General Information
Property type
Other
Property subtype
Retail
Parking
15
Parking features
Parking Lot
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
31580
Building Details
Year built
1955
Building materials
Brick
Listing Agency:
Mega Realty & Investment Inc
(703) 642-6342
Listed By:
Diane M Lee · License #98317
(703) 534-4989
Added: May 20
Changed: Sep 20
Last Checked: Oct 6 at 9:06PM
MLS# DCDC2262812
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding 3,000-square-foot commercial building houses the Northeast Supermarket business, which has served the surrounding community for approximately 70 years. The sale includes the operating market along with recent capital improvements, including a brand-new commercial roof and commercial cooler system. Brick construction and a dedicated parking lot add practical features for ongoing retail use.
The property occupies the corner of Mt. Olivet Road and Montello Avenue NE at 1201 Mount Olivet Road NE in Washington, DC. MU-4 zoning supports mixed-use development combining neighborhood-serving retail with residential, office, and service uses, subject to applicable regulations. Built in 1955, the property offers an existing grocery operation within a mixed-use zoning framework.
The property occupies the corner of Mt. Olivet Road and Montello Avenue NE at 1201 Mount Olivet Road NE in Washington, DC. MU-4 zoning supports mixed-use development combining neighborhood-serving retail with residential, office, and service uses, subject to applicable regulations. Built in 1955, the property offers an existing grocery operation within a mixed-use zoning framework.
Key Highlights
- 3,000‑square‑foot freestanding commercial building
- Northeast Supermarket business included in the sale
- Approximately 70 years of community retail operation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,355
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,100
$1.5M
Cap Rate 7%
$1,105,071
$1.1M
Cap Rate 9%
$859,500
$859.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$108.0K $36.00/SF
− Vacancy
−$4.9K −$1.62/SF
EGI
$103.1K $34.38/SF
− OpEx
−$25.8K −$8.59/SF
NOI
$77.4K $25.78/SF
Area
ZIP 20002
Vacancy
4.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,100
Cap Rate 7%
$1,105,071
Cap Rate 9%
$859,500
Alternative Uses
Best Use
Specialty Retail
$1.11M
$966.9K – $1.29M
NOI $77,355 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$959.6K
$839.7K – $1.12M
NOI $67,173 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,423 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Denny's
Dining
10,623 visits/mo
0.4 miles
Shell
Shops & Services
9,385 visits/mo
0.4 miles
Shell
Shops & Services
8,267 visits/mo
0.4 miles
Exxon
Shops & Services
4,716 visits/mo
0.1 miles
Mobil
Shops & Services
2,898 visits/mo
0.4 miles
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
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Similar Off Market Nearby
- Safeway — 1601 Maryland Ave NE, Washington, DC 20002
- Mudrick's Market — 1064 Bladensburg Rd NE, Washington, DC 20002
- Compact Supermarket — 1613 montello ave ne, washington, dc 20002
- Northeast Supermarket — 1201 Mt Olivet Rd NE, Washington, DC 20002
- MOM's Organic Market — 1501 New York Ave NE, Washington, DC 20002
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding neighborhood market with MU-4 mixed-use zoning and on-site parking.
Where is this grocery and convenience store located?
The property is located at 1201 MOUNT OLIVET Road NE Washington, DC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 3,000‑square‑foot freestanding commercial building; Northeast Supermarket business included in the sale; Approximately 70 years of community retail operation
