Storefront Retail Unit in Market
For Sale
$250,000
801 PENNSYLVANIA AVENUE NW Unit #1, Washington, DC 20004
Unit #1 in Market Square West is occupied by Market Square Cleaners and offers dedicated storefront access on D Street NW.
Property Size900 SF
Price / SF$277.78
Days on Market11
Property Features for 801 PENNSYLVANIA AVENUE NW Unit #1
General Information
Standard status
Active
Size
900 SF
Property subtype
Business Opportunities
Building Details
Year Built
1990
Listing Agency:
Mega Realty & Investment Inc
(571) 835-4655
Listed By:
Terri Yoon · License #0225260685
(571) 835-4655
Source:
Xome
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 30 at 3:31AM
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 Mega Realty & Investment Inc
Investment Insights
Based on property information with market context.
Unit #1 is a storefront retail space within the Market Square West complex and is currently occupied by Market Square Cleaners. The listing notes dedicated storefront access and requires an appointment for showings.
The property is located at 801 Pennsylvania Avenue NW in downtown Washington, DC, with access on D Street NW. The remarks also state the unit is within a short walking distance to the White House, prominent corporate offices, and luxury residences.
The tenant is described as a dry cleaner, with the unit also indicating a great alteration income/sales component in the operating profile provided by the seller.
The property is located at 801 Pennsylvania Avenue NW in downtown Washington, DC, with access on D Street NW. The remarks also state the unit is within a short walking distance to the White House, prominent corporate offices, and luxury residences.
The tenant is described as a dry cleaner, with the unit also indicating a great alteration income/sales component in the operating profile provided by the seller.
Key Highlights
- Unit #1 in the Market Square West complex is occupied by Market Square Cleaners.
- Dedicated storefront access for Unit #1 on D Street NW.
- On‑street parking available for the property.
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 | $21.6k | $24.00 |
| − Vacancy | −$972 | −$1.08 |
| EGI | $20.6k | $22.92 |
| − OpEx | −$6.2k | −$6.88 |
| NOI | $14.4k | $16.04 |
900 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,405 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,137
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 35%
Home Improvements & Furnishings 3%
Electronics 1%
BP
Shops & Services
9,147 visits/mo
0.1 miles
Starbucks
Dining
8,858 visits/mo
0.4 miles
Sunoco
Shops & Services
8,371 visits/mo
0.4 miles
Bank of America
Shops & Services
7,989 visits/mo
0.5 miles
Jeni's Splendid Ice Creams
Dining
6,636 visits/mo
0.1 miles
Demographics for 20004, DC
1,682
Population
1,593
Households
1.1
Avg Household Size
40
Median Age
95%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
8,410
Density / Sq Mi
$161,359
Median Household Income
$133,857
Median Earnings
$2,945
Median Rent
$650,700
Median Home Value
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Unit #1 in Market Square West is occupied by Market Square Cleaners and offers dedicated storefront access on D Street NW.
Where is this storefront property located?
The property is located at 801 PENNSYLVANIA AVENUE NW Unit #1 Washington, DC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Unit #1 in the Market Square West complex is occupied by Market Square Cleaners.; Dedicated storefront access for Unit #1 on D Street NW.; On‑street parking available for the property.
