Turnkey Mixed-Use Redevelopment
1201 MOUNT OLIVET Road NE, Washington, DC 20002
New
Commercial Sale - WASHINGTON, DC
Type:Retail
Property size:
3,000 SFLot size:
0.29 AcresPrice / SF:
$650/SF- Added:
- May 20, 2026
- Days on Market:
- 2
- Last Refresh:
- May 21 at 10:06 am
Property Features for 1201 MOUNT OLIVET Road NE
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 15
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 31580
Building Details
- Year built
- 1955
- Building materials
- Brick
Listing agent Diane M Lee License #98317 (703) 534-4989
Listing office Mega Realty & Investment Inc 4600 JOHN MARR Drive unit: 201, ANNANDALE, DC (703) 642-6342
Listing date May 20, 2026
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.
HighLights
- High‑upside mixed‑use redevelopment potential: MU‑4 zoning allows for diverse development options.
- Turnkey, cash‑flow positive business: Includes Northeast Supermarket with strong revenue.
- Strategic location in DC Revitalization Zone: Benefit from planned infrastructure investment.
- Recent high‑value upgrades: Features a brand‑new commercial roof and cooler system.
- Established community staple: Northeast Supermarket has served the community for 70 years.
- Proximity to booming neighborhoods: Located blocks from Union Market and Ivy City.
Overview
Located at the corner of Mt. Olivet Road and Montello Avenue NE in Washington, DC, this commercial property offers a dual opportunity. It includes a 3,000-square-foot freestanding commercial building and the Northeast Supermarket business. The business has been a community retail hub for approximately 70 years. The property is zoned MU-4 (Mixed-Use Moderate Density), which permits the blending of multi-family housing with neighborhood-serving retail, office spaces, and service centers. Recent capital improvements include a new commercial roof and a new commercial cooler system. The property is located within the target zone of the District's multi-phase municipal revitalization plans, specifically the Ivy City Small Area Plan, which prioritizes the expansion of new housing options, active pedestrian-friendly streets, and community-serving commercial retail. The location is near the Union Market and Ivy City hubs. The lot size is 0.2921 acres. The property offers the potential to develop a multi-story apartment or condo complex over ground-floor retail.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places 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
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9848133
- Latitude
- 38.9097891
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Freestanding commercial building with thriving business in growing DC corridor.
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 $1,950,000.
What are key features of this property?
This property features: High‑upside mixed‑use redevelopment potential: MU‑4 zoning allows for diverse development options.; Turnkey, cash‑flow positive business: Includes Northeast Supermarket with strong revenue.; Strategic location in DC Revitalization Zone: Benefit from planned infrastructure investment.
