Three-Tenant Strip Center with Liquor
62196221 DIX STREET NE Unit A Washington, DC 20019
New
62196221 DIX STREET NE Unit A, Washington, DC, 20019
$600,000
For Sale
$600,000
Three-unit strip center includes an operating liquor store and two vacant units requiring renovation prior to occupancy.
Property Size1,414 SF
Price / SF$424.33
Days on Market2
Property Features for 62196221 DIX STREET NE Unit A
General Information
- Standard status
- Active
- Size
- 1,414 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1932
Listing Agency
Metro Investment Properties, LLC
(202) 468-8109
Listed by
Christopher Dixon
(202) 468-8109
Source
Xome
Added: Jul 17 Checked: Jul 18 at 2:39 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 Metro Investment Properties, LLC
Investment Insights
Based on property information with market context.
This three-tenant strip center is configured with two vacant spaces and one operating unit. The vacant units include a former barber shop and a vacant 1-bedroom apartment located above the barber shop; both require renovation before occupancy. The third unit is an operating liquor store with storage beneath.
The property is located in Washington, DC at the DC border, with an address listed at 62196221 DIX STREET NE Unit A (Washington, DC 20019).
The liquor store operates on a month-to-month lease, and the store owner is open to a rent increase and lease extension.
The property is located in Washington, DC at the DC border, with an address listed at 62196221 DIX STREET NE Unit A (Washington, DC 20019).
The liquor store operates on a month-to-month lease, and the store owner is open to a rent increase and lease extension.
Key Highlights
- Three‑tenant strip center with one operating liquor store and two vacant units
- Operating liquor store tenant on a month‑to‑month lease; seller is open to rent increase and lease extension
- Vacant former barber shop unit requires renovation prior to occupancy
Local 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 | $36.5k | $25.80 |
| − Vacancy | −$1.8k | −$1.29 |
| EGI | $34.7k | $24.51 |
| − OpEx | −$10.4k | −$7.35 |
| NOI | $24.3k | $17.16 |
1,414 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$346.6K
$303.3K – $404.3K
NOI $24,260 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$759.9K
$664.9K – $886.5K
NOI $53,190 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Three-unit strip center includes an operating liquor store and two vacant units requiring renovation prior to occupancy.
Where is this strip mall located?
The property is located at 62196221 DIX STREET NE Unit A Washington, DC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three‑tenant strip center with one operating liquor store and two vacant units; Operating liquor store tenant on a month‑to‑month lease; seller is open to rent increase and lease extension; Vacant former barber shop unit requires renovation prior to occupancy
