Mixed-Use Retail and Office
For Sale
$3,500,000
1629 Benning Road NE, Washington, DC 20002
Flexible mixed-use configuration suited for retail, office, or combined concepts in a developing city corridor.
Property Size7,720 SF
Price / SF$453.37
Days on Market317
Property Features for 1629 Benning Road NE
General Information
Standard status
Active
Size
7,720 SF
Property subtype
Mixed Use
Building Details
Year Built
1984
Listing Agency:
(703) 298-4977
Listed By:
Taylor Properties
(703) 298-4977
Source:
Xome
Added: Sep 17, 2025
Changed: Jul 10
Last Checked: Jul 30 at 2:42AM
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 Taylor Properties
Investment Insights
Based on property information with market context.
This commercial property offers a flexible platform for retail, office, or mixed-use development and business occupancy. The offering also notes that the neighboring building is open for negotiation, which may support larger-scale projects or expansion plans.
The property is situated in a prominent development corridor and is described as benefiting from ongoing revitalization and infrastructure improvements. It is positioned for convenient public transportation access and is discussed as being near major city hubs, including the H Street Corridor.
For tenants and operators, the asset’s mixed-use positioning can accommodate teams looking to serve both commercial needs and a growing residential base in the area. Investors considering repositioning or assemblage may also find the option to coordinate with the adjacent building relevant for development layouts or expanded footprints, subject to negotiation and due diligence.
The property is situated in a prominent development corridor and is described as benefiting from ongoing revitalization and infrastructure improvements. It is positioned for convenient public transportation access and is discussed as being near major city hubs, including the H Street Corridor.
For tenants and operators, the asset’s mixed-use positioning can accommodate teams looking to serve both commercial needs and a growing residential base in the area. Investors considering repositioning or assemblage may also find the option to coordinate with the adjacent building relevant for development layouts or expanded footprints, subject to negotiation and due diligence.
Key Highlights
- Zoned MU‑5A
- Year built: 1984
- Central air cooling
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 | $433.6k | $56.16 |
| − Vacancy | −$90.2k | −$11.68 |
| EGI | $343.4k | $44.48 |
| − OpEx | −$85.8k | −$11.12 |
| NOI | $257.5k | $33.36 |
7,720 SF · lease $56.16/SF/yr · vacancy 20.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.68M
$3.22M – $4.29M
NOI $257,532 @ 7.0% cap · market cap 7.36%
Second Best
Retail
$2.47M
$2.16M – $2.88M
NOI $172,859 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$3.99M
$3.49M – $4.65M
NOI $279,009 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Market
Properties on Market for Mixed-use properties in Washington
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible mixed-use configuration suited for retail, office, or combined concepts in a developing city corridor.
Where is this mixed-use property located?
The property is located at 1629 Benning Road NE Washington, DC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Zoned MU‑5A; Year built: 1984; Central air cooling
