500 Irving StWashington, DC 20010

This exceptional mixed-use property at 500 Irving St NW, Washington, DC 20010, offers a compelling investment opportunity. The 2,388 square foot building, constructed in 1914 and renovated in 2010, sits on a 1,000 square foot lot (APN 3051/119) and boasts a desirable RF-1 zoning designation. Currently operating at 100% occupancy (until November 10, 2024), the property features a ground floor retail space and a two-bedroom, one-bathroom residential unit on the second floor, complete with in-unit laundry and a private rear entrance. The lower level provides additional versatile space, currently used for community events. Its all-brick corner lot location ensures high visibility, benefiting from significant foot traffic. The property's strategic location near Columbia Heights and Petworth Metro stations, along with proximity to Old Soldiers' Home, McMillan Reservoir, Howard University, and Georgia Avenue, positions it for future growth and appreciation. This one-building, two-story property presents a rare chance to acquire a well-maintained asset with strong income potential and significant upside. The asking price is $1,284,000.