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Mixed-Use Asset in Columbia Heights

1428 PARK Rd NW, Washington, DC 20010

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For Sale

$1,970,000

High-performing mixed-use asset with strong tenants and immediate cash flow.

Type:Commercial

Property size:

5,862 SF

Price / SF:

$336/SF

HighLights

High‑performing mixed‑use asset with immediate cash flow from established tenants.
Prime location in Columbia Heights, steps from the Metro and surrounded by active corridors.
Anchored by a long‑term neighborhood restaurant generating substantial monthly income.
Total monthly income of $17,300 provides a stabilized base with upside potential.
Excellent walk, bike, and transit scores (88, 80, and 75 respectively).
Asking price aligns with current tax assessed values.

We can help!

Listing Contact

Nancy V Miranda

Learn more

For Sale

$1,970,000

High-performing mixed-use asset with strong tenants and immediate cash flow.

Type:Commercial

Property size:

5,862 SF

Price / SF:

$336/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 3:33 pm

Property Features for 1428 PARK Rd NW

General Information

Standard status: Active
Size: 5,862 SF
Property subtype: Commercial

Building Details

Year Built: 1924

We can help!

Listing Contact

Nancy V Miranda

Listing agent Nancy V Miranda License #SP98362948

Listing office Allegiance Realty Partners, LLC

Listing date Apr 24, 2026

Source Elliman

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 Allegiance Realty Partners, LLC

HighLights

High‑performing mixed‑use asset with immediate cash flow from established tenants.
Prime location in Columbia Heights, steps from the Metro and surrounded by active corridors.
Anchored by a long‑term neighborhood restaurant generating substantial monthly income.
Total monthly income of $17,300 provides a stabilized base with upside potential.
Excellent walk, bike, and transit scores (88, 80, and 75 respectively).
Asking price aligns with current tax assessed values.

Overview

Located in the core of Columbia Heights, the property at 1426 & 1428 Park Road NW is a mixed-use asset with a total area of 5,862 square feet. The property is currently operating with in-place tenants and immediate cash flow. The main level is occupied by a neighborhood restaurant with over 25 years of history, generating $11,500 per month. The restaurant also utilizes a large basement level for storage. A hair salon on the upper level contributes $2,800 per month in income. Additionally, there are two studio apartments that generate a combined $3,000 per month. The total monthly income is $17,300. The property has four separate electrical meters. Situated along Park Road NW, the property benefits from high visibility, with approximately 10,000 cars passing by daily. It is located near the Columbia Heights Metro, GALA Hispanic Theatre, Mount Pleasant, U Street Corridor, Shaw, and Adams Morgan. The DC USA Shopping Center Garage is located next door. The property has a bike score of 80, indicating it is very bikeable, a walk score of 88, indicating it is very walkable, and a transit score of 75, indicating excellent transit options.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$154.8k	$26.40
− Vacancy	−$5.4k	−$0.92
EGI	$149.3k	$25.48
− OpEx	−$37.3k	−$6.37
NOI	$112.0k	$19.11

5,862 SF · lease $26.40/SF/yr · vacancy 3.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,005 @ 7.0% cap · market cap 5.69%

Second Best

Apartment 5plus

$1.39M

$1.22M – $1.62M (±1% cap)

NOI $97,400 @ 7.0% cap · market cap 4.94%

Theoretical Best

Office A

$3.02M

$2.64M – $3.52M (±1% cap)

NOI $211,066 @ 7.0% cap · market cap 10.71%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Los Hermanos Restaurant JNN Wireless LLC ... Electronics & Wireless Store MoneyGram Bank Vigo Bank

Suggested Use

Location Insight

Map
Local Demand

City: Washington
County: District of Columbia
State: District of Columbia
Longitude: -77.0338543
Latitude: 38.9304801

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For sale
Mixed-use properties
DC
Washington
20010
1428 PARK Rd NW

What type of property is this?

Mixed-use property - High-performing mixed-use asset with strong tenants and immediate cash flow.

Where is this mixed-use property located?

The property is located at 1428 PARK Rd NW Washington, DC.

What is the asking price?

The asking price for this property is $1,970,000.

What are key features of this property?

This property features: High‑performing mixed‑use asset with immediate cash flow from established tenants.; Prime location in Columbia Heights, steps from the Metro and surrounded by active corridors.; Anchored by a long‑term neighborhood restaurant generating substantial monthly income.