1208 Maple Vw SE Pl Washington, DC 20020-5708

Property Details for 1208 Maple Vw SE Pl

Year built

1960

Construction

BRICK

Lot size

0.10 lot acres

Property size

1,005 SF

Zone code

MU-7B

Property type

Retail space

APN

5800 0810

APU

58000810

Description

This 1,038 square foot, single-story, vacant restaurant space at 1208 Maple View Place SE in Washington, DC, presents a compelling value-add opportunity. Located on a high-traffic corner lot, the property boasts excellent street frontage and ample parking (10 spaces) for both staff and patrons. The building, constructed in 1960, features a pre-installed hood system, ideal for a restaurant user. The property sits on a 4,193 square foot lot with significant unused density (20,126 sq ft air rights), allowing for future expansion or development. The asking price is $1,000,000, with a pro-forma cap rate of 7.94% and a pro-forma NOI of $79,368. The property is zoned MU-7B and is offered fee simple. Its convenient location on the corner of Martin Luther King Jr. Avenue SE, Maple View Place SE, and Pleasant Street SE, across from a Starbucks, ensures high visibility and accessibility. This is a rare opportunity to acquire a well-positioned, vacant restaurant space with significant upside potential in a thriving Washington, DC neighborhood. The property is 100% vacant and ready for immediate occupancy.