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Renovated Two-Story Retail Space
For Lease
$4,000/Mo NNN

1223 PENNSYLVANIA Avenue SE, Washington, DC 20003

CommercialLease - WASHINGTON, DC

Space SizeContact for details
Lot Size0.02 Acres
Days on Market48

Property Features for 1223 PENNSYLVANIA Avenue SE

General Information

Property type Other
Property subtype Retail
Parking features On Street
Subdivision CAPITOL HILL
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 0.02 Acres

Utilities

Heating system Forced Air
Cooling system Heat Pump

Building Details

Year built 1915
Number of units 2
Building materials Brick
Listing Agency: Realty Advantage of Maryland LLC
Listed By: Sonela Ardekani · License #SP40003073
Added: Jul 14 Changed: Jul 15 Last Checked: Aug 30 at 7:06AM
MLS# DCDC2273444

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.

Beautifully renovated first and second floors are available for immediate occupancy. The July 2025 renovation has brought the space into pristine condition. The premises are offered on a triple net lease basis, and showings are available by appointment only.

Located in the heart of Capitol Hill, the property is a short walk from the U.S. Capitol. It is approximately 0.3 miles from Potomac Ave Metro and 0.4 miles from Eastern Market Metro, supporting convenient access for employees, clients, and customers.

Zoning allows for a variety of uses, including retail, office, restaurant, and spa, among other options. The listing includes the first and second floors only, with an encouragement from the owner to lease the entire building if desired.

Key Highlights

  • Renovated first and second floors available on Capitol Hill, short walk to the U.S. Capitol
  • 0.3 miles to Potomac Ave Metro and 0.4 miles to Eastern Market Metro
  • Major renovation completed July 2025; space ready for immediate occupancy

Property Analytics

Current Use

Friends Smoke Shop (Bike/Boat/Book/etc) Store Afrose Cosmetic Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Electrical Service Hair Salon Electronics & Wireless Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,870
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 59% Shops & Services 36% Home Improvements & Furnishings 3% Electronics 1%
McDonald's Dining
32,170 visits/mo 0.4 miles
BP Shops & Services
9,147 visits/mo 0.3 miles
Sunoco Shops & Services
8,371 visits/mo 0.1 miles
Jeni's Splendid Ice Creams Dining
6,636 visits/mo 0.3 miles
Exxon Shops & Services
6,608 visits/mo 0.1 miles

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

$41.89 /SF/Yr
Avg Asking Price
$25–$62.68 /SF/Yr
Price Range
3,433 SF
Avg Space Size

Vacancy Rate% for Retail in Washington, DC

4.9% 2019
5.4% 2020
5.6% 2021
4.8% 2022
4.6% 2023
4.2% 2024
4.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Storefront property - Renovated first and second floors are available for immediate occupancy under a triple net lease.
Where is this storefront property located?
The property is located at 1223 PENNSYLVANIA Avenue SE Washington, DC.
What is the lease rate?
The lease rate is $4,000/Mo.
What are key features of this property?
This property features: Renovated first and second floors available on Capitol Hill, short walk to the U.S. Capitol; 0.3 miles to Potomac Ave Metro and 0.4 miles to Eastern Market Metro; Major renovation completed July 2025; space ready for immediate occupancy
More about this property
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