Corner Mixed-Use
For Sale
Contact for pricing
Pending
538 3rd St NE, Washington, DC 20002
Corner building combines an operating grocery tenancy with vacant upper levels and RF-3 zoning.
Property Size4,600 SF
Days on Market143
Property Features for 538 3rd St NE
General Information
Standard status
Pending
Size
4,600 SF
Property subtype
Mixed Use, Retail
Zoning
RF-3
Building Details
Buildings
1
Building Size
4,600 SF
Tenancy
Single
Listing Agency:
Feldman Ruel
Listed By:
Ian Ruel · License #DC BR200201389
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 8:10PM
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 Feldman Ruel
Investment Insights
Based on property information with market context.
Located at 538 3rd Street NE in Washington, DC, this corner mixed-use property contains approximately 4,600 square feet across three levels and a sublevel. The first level and sublevel provide approximately 2,400 square feet of gross leasable area occupied by Union Kitchen Grocery, which offers groceries, beer and wine, household items, and prepared meals.
The second and third levels will be delivered vacant at closing. These floors were historically used for offices and may be reconfigured into two multifamily units under the property’s RF-3 zoning designation. The grocery lease is in year nine of a 10-year term and includes a 10-year option period at market rent, subject to a minimum 5% increase from the preceding year and subsequent 3% annual increases.
The second and third levels will be delivered vacant at closing. These floors were historically used for offices and may be reconfigured into two multifamily units under the property’s RF-3 zoning designation. The grocery lease is in year nine of a 10-year term and includes a 10-year option period at market rent, subject to a minimum 5% increase from the preceding year and subsequent 3% annual increases.
Key Highlights
- Approximately 4,600 square feet in a corner mixed‑use property
- Approximately 2,400 square feet of gross leasable area occupied by Union Kitchen Grocery
- Grocery tenancy is in year nine of a 10‑year lease
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,534
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Hotels & Casinos 20%
Apparel 15%
Dining 10%
Bank of America
Shops & Services
14,101 visits/mo
0.4 miles
Exxon
Shops & Services
8,720 visits/mo
0.2 miles
Nike Factory Store
Apparel
8,378 visits/mo
0.4 miles
Kimpton George Hotel
Hotels & Casinos
8,357 visits/mo
0.4 miles
Truist
Shops & Services
3,507 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
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner building combines an operating grocery tenancy with vacant upper levels and RF-3 zoning.
Where is this mixed-use property located?
The property is located at 538 3rd St NE Washington, DC.
What are key features of this property?
This property features: Approximately 4,600 square feet in a corner mixed‑use property; Approximately 2,400 square feet of gross leasable area occupied by Union Kitchen Grocery; Grocery tenancy is in year nine of a 10‑year lease
