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1389 Quincy St Washington, DC 20011

Sponsored
For Sale
$1,450,000

Prime DC location, high NOI, strong cap rate.

Property size:
2,300 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
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.

Property Features for 1389 Quincy St

General Information

Property type
Individual retail properties
Square Feet
2,300 SF

Building Details

Year Built
1907
Stories
3

HighLights

  • $1,450,000 asking price for this mixed‑use property in Washington, DC's Petworth neighborhood.
  • 2,300 square feet, with a 5.38% cap rate and $78,026 net operating income (NOI).
  • 100% occupancy, featuring a ground‑floor restaurant with patio, and two upper‑level one‑bedroom apartments.
  • Located on a corner lot with high visibility on a busy commercial corridor, near two Metro stations.
  • Zoned MU‑4, offering potential for expansion.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Map

City
Washington
County
District Of Columbia
State
District of Columbia
Longitude
-77.0324837
Latitude
38.9377919

FAQs

What type of property is this?
Individual retail property - Prime DC location, high NOI, strong cap rate.
Where is this individual retail property located?
The property is located at 1389 Quincy St Washington, DC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: $1,450,000 asking price for this mixed-use property in Washington, DC's Petworth neighborhood.; 2,300 square feet, with a 5.38% cap rate and $78,026 net operating income (NOI).; 100% occupancy, featuring a ground-floor restaurant with patio, and two upper-level one-bedroom apartments.
More about this property
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