Renovated Victorian Mixed-Use
303 Massachusetts Ave NE, Washington, DC 20002
For Sale
$1,800,000
Three-story commercial property with retail, office, restaurant, and patio components in a renovated historic building.
Property Size2,243 SF
Price / SF$802.50
Days on Market48
Property Features for 303 Massachusetts Ave NE
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Amenities
large patio
Building Details
Year Built
Buildings
Stories
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Samuel R Davis · License #225153343
(202) 256-7039
Source:
Lgagne
Added: Sep 20
Changed: Oct 31
Last Checked: Oct 7 at 4:30PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1910 three-story Victorian townhome contains approximately 2,243 SF of commercial space arranged for two units. The configuration includes a main-level retail area with office space above, while the property is currently occupied by a restaurant and cafe. Original architectural elements include decorative moldings, period woodwork, and stone mantels. A substantial front patio provides additional outdoor space for gatherings or customer use.
The property is located on Massachusetts Avenue NE near Union Station, the Supreme Court, and the Capitol. MU-4/CAP/CHC zoning supports retail, office, restaurant, and other retail uses. The layout and existing improvements accommodate a range of commercial applications, including professional, nonprofit, and headquarters users.
The property is located on Massachusetts Avenue NE near Union Station, the Supreme Court, and the Capitol. MU-4/CAP/CHC zoning supports retail, office, restaurant, and other retail uses. The layout and existing improvements accommodate a range of commercial applications, including professional, nonprofit, and headquarters users.
Key Highlights
- Approximately 2,243 SF of commercial space in a three‑story 1910 building
- MU‑4/CAP/CHC zoning allows retail, office, restaurant, and other retail uses
- Layout accommodates two units with main‑level retail and upper‑level office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,836
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,720
$1.2M
Cap Rate 7%
$826,229
$826.2K
Cap Rate 9%
$642,622
$642.6K
Market Conditions
NOI Build-Up for 2,243 SF
Gross rent
$80.7K $36.00/SF
− Vacancy
−$3.6K −$1.62/SF
EGI
$77.1K $34.38/SF
− OpEx
−$19.3K −$8.59/SF
NOI
$57.8K $25.78/SF
Area
ZIP 20002
Vacancy
4.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,720
Cap Rate 7%
$826,229
Cap Rate 9%
$642,622
Alternative Uses
Best Use
Specialty Retail
$826.2K
$723.0K – $963.9K
NOI $57,836 @ 7.0% cap · market cap 3.21%
Second Best
Retail
$717.5K
$627.8K – $837.1K
NOI $50,223 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,065 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,052
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Hotels & Casinos 32%
Dining 22%
Exxon
Shops & Services
8,720 visits/mo
0.0 miles
Kimpton George Hotel
Hotels & Casinos
8,357 visits/mo
0.4 miles
Truist
Shops & Services
3,507 visits/mo
0.4 miles
CAVA
Dining
2,845 visits/mo
0.4 miles
Nando's PERi-PERi
Dining
2,838 visits/mo
0.4 miles
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
$813,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Washington, DC
Properties on Market for Mixed-use properties in Washington
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story commercial property with retail, office, restaurant, and patio components in a renovated historic building.
Where is this mixed-use property located?
The property is located at 303 Massachusetts Ave NE Washington, DC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approximately 2,243 SF of commercial space in a three‑story 1910 building; MU‑4/CAP/CHC zoning allows retail, office, restaurant, and other retail uses; Layout accommodates two units with main‑level retail and upper‑level office space
