Two-Story Office Building with
1512 Good Hope Rd Se Washington, DC 20020
1512 Good Hope Rd Se, Washington, DC, 20020
$999,000
For Sale
$999,000
Two-story commercial building on a small lot with MU-4 zoning allowing multiple use types.
Property Size2,416 SF
Lot Size0.07 Acres
Price / SF$413.49
Days on Market22
Property Features for 1512 Good Hope Rd Se
General Information
- Standard status
- Active
- Size
- 2,416 SF
- Lot size
- 0.07 Acres
Listing agency
Coldwell Banker Realty
(571) 271-6604
Listed by
Deniz Senyurt · License #677741
(571) 271-6604
Source
Exprealty
Added: Jun 30 Updated: Jul 21 at 12:19PM Checked: Jul 21 at 12:19PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This two-story commercial building totals 2,416 SF on a 3,170 SF lot in Historic Anacostia. The property is zoned MU-4 (Mixed Use), providing flexibility for office, retail, medical, nonprofit, educational, residential, and mixed-use development or occupation.
Located along the Marion Barry Avenue commercial corridor, the site has approximately 12,000 vehicles per day of frontage visibility. It offers convenient access to I-295, Suitland Parkway, Martin Luther King Jr. Avenue SE, South Capitol Street, and Downtown Washington, DC, with the Anacostia Metro Station nearby.
For buyers considering an owner-user, investor, or development approach, the MU-4 zoning and two-story configuration offer multiple pathways for how the space can be utilized.
Located along the Marion Barry Avenue commercial corridor, the site has approximately 12,000 vehicles per day of frontage visibility. It offers convenient access to I-295, Suitland Parkway, Martin Luther King Jr. Avenue SE, South Capitol Street, and Downtown Washington, DC, with the Anacostia Metro Station nearby.
For buyers considering an owner-user, investor, or development approach, the MU-4 zoning and two-story configuration offer multiple pathways for how the space can be utilized.
Key Highlights
- 2,416 SF two‑story commercial building on a 3,170 SF lot in Historic Anacostia (Southeast Washington, DC)
- MU‑4 (Mixed Use) zoning allows a range of uses including office, retail, medical, nonprofit, educational, residential, and mixed‑use
- Frontage on Marion Barry Avenue with approximately 12,000 vehicles per day for high‑traffic visibility
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.0k | $56.28 |
| − Vacancy | −$28.3k | −$11.71 |
| EGI | $107.7k | $44.57 |
| − OpEx | −$26.9k | −$11.14 |
| NOI | $80.8k | $33.43 |
2,416 SF · lease $56.28/SF/yr · vacancy 20.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,768 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,317 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story commercial building on a small lot with MU-4 zoning allowing multiple use types.
Where is this office building located?
The property is located at 1512 Good Hope Rd Se Washington, DC.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,416 SF two‑story commercial building on a 3,170 SF lot in Historic Anacostia (Southeast Washington, DC); MU‑4 (Mixed Use) zoning allows a range of uses including office, retail, medical, nonprofit, educational, residential, and mixed‑use; Frontage on Marion Barry Avenue with approximately 12,000 vehicles per day for high‑traffic visibility
