1818-1820 BENNING RD NE, Washington, DC 20002

Located in Washington, DC, this property presents an investment and development opportunity. The property, built in 1947, includes a building of 3,215 square feet on a 0.09-acre lot. Situated in an Opportunity Zone, the location offers potential tax benefits. One unit, at 1818 Benning Rd NE, is leased to a liquor store, occupying approximately 1,955 sq. ft., with a lease extending to November 30, 2026, and generating an annual rent of $45,799. The other unit, at 1820 Benning Rd NE, is vacant and suitable for immediate rental or owner-occupancy, potentially earning an additional $45,000 annually. The vacant unit's owner-occupancy potential makes the property eligible for SBA financing. The property allows for the development of a multifamily mixed-use project, potentially including over 20 residential units combined with ground-floor retail space. The location is near the H Street corridor, with access to Union Station via the H Street streetcar. The property is one block from Metrobus and DC Streetcar stops, providing access to major routes like 295 & Route 50. The surrounding area includes nearly 4,000 multifamily units and over 103,600 square feet of retail space proposed or under construction within a 1-mile radius. The location benefits from high visibility on a corridor with nearly 40,000 vehicles passing by daily.