Corner Retail Building with
1786 Florida Avenue NW Washington, DC 20009
1786 Florida Avenue NW, Washington, DC, 20009
$1,295,000
For Sale
$1,295,000
Hard-corner retail building with ground-floor space and a full basement, currently leased through July 31, 2027.
Property Size2,179 SF
Price / SF$594.31
Days on Market32
Property Features for 1786 Florida Avenue NW
General Information
- Standard status
- Active
- Size
- 2,179 SF
Listing agency
eXp Commercial - VA
(973) 668-9808
Listed by
Brian Perry, CCIM · License #5001653
(973) 668-9808
Source
Expcommercial
Added: Jun 22 Updated: Jul 22 at 5:18PM Checked: Jul 22 at 5:18PM
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 eXp Commercial - VA
Investment Insights
Based on property information with market context.
1786 Florida Avenue NW presents a highly visible hard-corner retail opportunity at Florida Avenue NW and 18th Street NW. The building includes approximately 1,090 SF of ground-floor retail space plus a full basement for storage, totaling approximately 2,179 SF of gross building area per DC records.
The property is currently leased to ACE Cash Express through July 31, 2027, providing near-term income. The offering is positioned for a future owner-user or investor looking to control a high-profile corner location within an established urban retail corridor.
From a practical standpoint, the asset offers prominent corner exposure and dedicated retail area at street level, with basement storage included to support ongoing retail operations.
The property is currently leased to ACE Cash Express through July 31, 2027, providing near-term income. The offering is positioned for a future owner-user or investor looking to control a high-profile corner location within an established urban retail corridor.
From a practical standpoint, the asset offers prominent corner exposure and dedicated retail area at street level, with basement storage included to support ongoing retail operations.
Key Highlights
- Highly visible signalized hard corner at Florida Avenue NW and 18th Street NW in the Adams Morgan/Dupont retail corridor
- Approximately 1,090 SF ground‑floor retail plus full basement storage, totaling approximately 2,179 SF gross building area per DC records
- Currently leased to ACE Cash Express through July 31, 2027
Local Financial Insights For Retail
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 | $56.7k | $26.04 |
| − Vacancy | −$2.4k | −$1.09 |
| EGI | $54.4k | $24.95 |
| − OpEx | −$16.3k | −$7.48 |
| NOI | $38.1k | $17.46 |
2,179 SF · lease $26.04/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$543.6K
$475.6K – $634.2K
NOI $38,051 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$980.7K – $1.31M
NOI $78,457 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MoneyGram
Bank
ACE Cash Express
Check Cashing
Similar For Sale Nearby
Similar Off Market Nearby
- Luna craft & cactus — 1782 Columbia Rd NW, Washington, DC 20009
- Whitewood Flowers — 1219 11th St NW, Washington, DC 20001
- Little Shop of Flowers — 2421 18th St NW, Washington, DC 20009
FAQs
What type of property is this?
Storefront property - Hard-corner retail building with ground-floor space and a full basement, currently leased through July 31, 2027.
Where is this storefront property located?
The property is located at 1786 Florida Avenue NW Washington, DC.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Highly visible signalized hard corner at Florida Avenue NW and 18th Street NW in the Adams Morgan/Dupont retail corridor; Approximately 1,090 SF ground‑floor retail plus full basement storage, totaling approximately 2,179 SF gross building area per DC records; Currently leased to ACE Cash Express through July 31, 2027
