Two-Suite Retail
For Sale
$850,000
1431 MARION BARRY AVE SE, Washington, DC 20020
Adjoining commercial suites offer established layouts associated with check-cashing and salon operations.
Property Size1,966 SF
Days on Market50
Property Features for 1431 MARION BARRY AVE SE
General Information
Standard status
Active
Size
1,966 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$5,187
Building Details
Building Size
1,966 SF
Year Built
1922
Tenancy
Multi
Listing Agency:
Heymann Realty, LLC
Listed By:
Meseret Agonafir · License #SP98369361
(202) 487-4943
Source:
Barnesrealestatecompany
Added: Aug 27
Changed: Oct 3
Last Checked: Oct 15 at 4:27AM
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 Heymann Realty, LLC
Investment Insights
Based on property information with market context.
This retail property comprises two adjoining commercial spaces, each measuring approximately 1,000 square feet. The suites have distinct operating histories: one accommodated a check-cashing business for at least 10 years, while the other supported a unisex hair salon for at least 12 years.
Constructed in 1922, the property is located at 1431 Marion Barry Ave SE in Washington, DC 20020. The separate suite configuration provides two established commercial spaces within one retail asset.
Constructed in 1922, the property is located at 1431 Marion Barry Ave SE in Washington, DC 20020. The separate suite configuration provides two established commercial spaces within one retail asset.
Key Highlights
- Two adjacent retail spaces, approx. 1000 sq/ft each
- One suite operated as a check‑cashing business for at least 10 years
- Second suite housed a unisex hair salon for at least 12 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,212
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,240
$624.2K
Cap Rate 7%
$445,886
$445.9K
Cap Rate 9%
$346,800
$346.8K
Market Conditions
NOI Build-Up for 1,966 SF
Gross rent
$47.2K $24.00/SF
− Vacancy
−$2.6K −$1.32/SF
EGI
$44.6K $22.68/SF
− OpEx
−$13.4K −$6.80/SF
NOI
$31.2K $15.88/SF
Area
ZIP 20020
Vacancy
5.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,240
Cap Rate 7%
$445,886
Cap Rate 9%
$346,800
Alternative Uses
Best Use
Retail
$445.9K
$390.2K – $520.2K
NOI $31,212 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$888.2K – $1.18M
NOI $71,053 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
143k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 35%
Shops & Services 24%
Safeway
Groceries
39,182 visits/mo
0.4 miles
McDonald's
Dining
30,527 visits/mo
0.3 miles
BP
Shops & Services
15,671 visits/mo
0.3 miles
Starbucks
Dining
13,873 visits/mo
0.3 miles
Lidl
Groceries
11,374 visits/mo
0.3 miles
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
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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Frequently Asked Questions
What type of property is this?
Retail space - Adjoining commercial suites offer established layouts associated with check-cashing and salon operations.
Where is this retail space located?
The property is located at 1431 MARION BARRY AVE SE Washington, DC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two adjacent retail spaces, approx. 1000 sq/ft each; One suite operated as a check‑cashing business for at least 10 years; Second suite housed a unisex hair salon for at least 12 years
