1389 Quincy St Washington, DC 20011

This exceptional mixed-use property, located at 1389 Quincy St NW in Washington, DC's desirable Petworth neighborhood, presents a compelling investment opportunity. The three-story, 2,300 square foot building boasts a thriving ground-floor restaurant with a sizable outdoor patio, generating significant income. Above, two one-bedroom, one-bathroom apartments maintain 100% occupancy, contributing to a robust net operating income (NOI) of $78,026 and a 5.38% capitalization rate. Built in 1907, the building benefits from a MU-4 zoning designation, offering potential for expansion, subject to applicable regulations. The property features a corner lot with frontage on both 14th St NW and Quincy St NW, ensuring high visibility and accessibility. Its strategic location, approximately four blocks from the Georgia Ave-Petworth Metro station and six blocks from the Columbia Heights Metro, provides convenient access to public transportation. The surrounding area is vibrant, with numerous shops, cafes, pubs, and restaurants, creating a bustling and desirable environment. Currently, leases are month-to-month, allowing for flexibility for a new owner. The asking price is $1,450,000. This property offers a rare blend of established income and significant upside potential in a thriving urban location.