Minnesota Avenue Retail
2900 MINNESOTA Avenue SE Washington, DC 20019
For Sale
$3,280,000
Commercial Sale - WASHINGTON, DC
Property Size9,200 SF
Lot Size0.22 Acres
Price / SF$356.52
Days on Market256
Property Features for 2900 MINNESOTA Avenue SE
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 10
- Parking features
- On Street
- Standard status
- Active
- Size
- 9,200 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14087
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1948
- Building materials
- Brick Veneer
Listing Agency:
Fairfax Realty
(703) 766-2710
Listed By:
Kevin B Shin · License #0225069693
(703) 395-3123
Added: Nov 12, 2025
Changed: Jun 9
Last Checked: Jul 26 at 7:06PM
MLS# DCDC2231508
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located on Minnesota Avenue SE in Washington, DC, this commercial property features 9,200 square feet of retail space on a 0.45-acre lot. The property occupies an entire city block and includes 222 feet of street frontage. It consists of two contiguous buildings across two legal lots. There is parking available at the alley behind and side of the building. The property is currently configured with nine multi-tenant spaces, offering 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. The property generates a Net Operating Income (NOI) of $175,000, with a CAP rate of 5.2%.
Key Highlights
- High Income Potential: $175,000 NOI and a 5.2% CAP rate.
- Size and Location: 9,200 SF on a 0.45‑acre lot occupying an entire city block with 222 feet of street frontage.
- Development Opportunity: Located in HUB and Opportunity Zones with MU‑3A zoning allowing for Retail, Childcare, and Medical.
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 | $237.4k | $25.80 |
| − Vacancy | −$11.9k | −$1.29 |
| EGI | $225.5k | $24.51 |
| − OpEx | −$67.6k | −$7.35 |
| NOI | $157.8k | $17.16 |
9,200 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.63M
NOI $157,844 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
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
O'Connor's Liquors
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Retail space - Retail space for sale in Washington, DC.
Where is this retail space located?
The property is located at 2900 MINNESOTA Avenue 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: High Income Potential: $175,000 NOI and a 5.2% CAP rate.; Size and Location: 9,200 SF on a 0.45‑acre lot occupying an entire city block with 222 feet of street frontage.; Development Opportunity: Located in HUB and Opportunity Zones with MU‑3A zoning allowing for Retail, Childcare, and Medical.
