Renovated Basement Retail
New
For Lease
$235/Mo NNN (Triple Net)
1223 Pennsylvania Ave SE, Washington, DC 20003
Flexible commercial space with office, retail, restaurant, and spa use potential in Capitol Hill.
Space SizeContact for details
Days on Market3
Property Features for 1223 Pennsylvania Ave SE
General Information
Standard status
Active
Lease Type
NNN
Space & Availability
Floor
Basement
Space Use
Office
Available From
Immediate
Additional Details
Total Rate
$235
Public Transit
Yes
Building Details
Year Built
1915
Year Renovated
2025
Listing Agency:
Realty Advantage of Maryland LLC
(301) 881-9800
Listed By:
Sonela Ardekani · License #SP40003073
Source:
Kandorre
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 6:11AM
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 Realty Advantage of Maryland LLC
Investment Insights
Based on property information with market context.
The basement floor provides 1,980 SF of commercial space within a building constructed in 1915. A major renovation completed in July 2025 leaves the premises in updated condition and available for immediate occupancy. The space is offered under a triple net lease and may support office, retail, restaurant, spa, and other uses permitted by zoning.
Located in Capitol Hill, the property is a short walk from the U.S. Capitol. Potomac Ave Metro is 0.3 miles away, while Eastern Market Metro is 0.4 miles away, providing access to two nearby transit stations. Showings are available by appointment.
Located in Capitol Hill, the property is a short walk from the U.S. Capitol. Potomac Ave Metro is 0.3 miles away, while Eastern Market Metro is 0.4 miles away, providing access to two nearby transit stations. Showings are available by appointment.
Key Highlights
- 1,980 SF basement floor available for lease
- Major renovation completed in July 2025
- Zoning allows office, retail, restaurant, spa, and other uses
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,870
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Market
Lease Benchmarks for Washington, DC
$41.7 /SF/Yr
Avg Asking Price
$3.24–$109 /SF/Yr
Price Range
9,660 SF
Avg Space Size
This space is priced 97% below the average of $41.7 /SF/Yr.
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with office, retail, restaurant, and spa use potential in Capitol Hill.
Where is this retail space located?
The property is located at 1223 Pennsylvania Ave SE Washington, DC.
What is the lease rate?
The lease rate is $235/Mo.
What are key features of this property?
This property features: 1,980 SF basement floor available for lease; Major renovation completed in July 2025; Zoning allows office, retail, restaurant, spa, and other uses
