Minnesota Avenue Mixed-Use
2900 Minnesota Ave Se Washington, DC 20019
2900 Minnesota Ave Se, Washington, DC, 20019
$3,280,000
For Sale
$3,280,000
Mixed-use property with income and development potential in Washington, DC.
Property Size9,200 SF
Lot Size0.22 Acres
Price / SF$356.52
Days on Market251
Property Features for 2900 Minnesota Ave Se
General Information
- Standard status
- Active
- Size
- 9,200 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1948
Listing Agency
FAIRFAX REALTY
(703) 766-2710
Listed by
KEVIN B SHIN · License #0225069693
Source
Corcoran
Added: Nov 11, 2025 Checked: Jul 19 at 4:26 am
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 FAIRFAX REALTY
Investment Insights
Based on property information with market context.
Located on Minnesota Avenue SE in Washington, DC, the property at 2900-2924 occupies an entire city block on a 0.45-acre lot. The 9,200 square foot property consists of two contiguous buildings across two legal lots, featuring 222 feet of street frontage and parking at the alley behind the building. The property generates a net operating income of $175,000 with a capitalization rate of 5.2%. The nine multi-tenant spaces offer flexibility for a new owner to collect income from leased portions while occupying remaining space. Situated in HUB and Opportunity Zones, the MU-3A zoning allows for retail, childcare, and medical uses.
Key Highlights
- Entire city block property on 0.45 acres with 222 feet of street frontage.
- $175,000 Net Operating Income (NOI) with a 5.2% CAP rate.
- Located in HUB and Opportunity Zones.
Local Financial Insights For Mixed Use
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 | $353.3k | $38.40 |
| − Vacancy | −$42.4k | −$4.61 |
| EGI | $310.9k | $33.79 |
| − OpEx | −$116.6k | −$12.67 |
| NOI | $194.3k | $21.12 |
9,200 SF · lease $38.40/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.78M
$2.43M – $3.24M
NOI $194,304 @ 7.0% cap · market cap 5.92%
Second Best
Retail
$2.25M
$1.97M – $2.63M
NOI $157,844 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$4.94M
$4.33M – $5.77M
NOI $346,073 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with income and development potential in Washington, DC.
Where is this mixed-use property located?
The property is located at 2900 Minnesota Ave Se Washington, DC.
What is the asking price?
The asking price for this property is $3,280,000.
What are key features of this property?
This property features: Entire city block property on 0.45 acres with **222 feet of street frontage**.; **$175,000 Net Operating Income (NOI) with a 5.2% CAP rate.**; Located in HUB and Opportunity Zones.
