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Property profile & analytics
FOR SALE
Retail space

1809 Benning Rd Northeast Washington, DC 20002

2,912 SF 0.03 ac lot Built 1911
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US16-0066334
Property summary
AI-generated overview

This exceptional mixed-use property at 1809 Benning Road NE, Washington, DC, presents a unique investment opportunity. Spanning 2,912 square feet on a 0.03-acre lot, this three-level building offers versatile space ideal for a variety of uses. Previously operating as a successful medical office, the property is well-suited for continued commercial use, conversion into residential condos, or adaptation for multi-family occupancy. Its adaptable layout and significant square footage provide considerable flexibility for future development. The property benefits from an excellent location, providing convenient access to public transportation, including nearby metro trains and bus routes. The surrounding area offers a wealth of amenities, including numerous shops and restaurants, enhancing both the property's appeal and its potential rental income. Comparable sales in the neighborhood support the asking price of $874,995. The seller is highly motivated and eager to receive offers. This is a rare chance to acquire a valuable property in a thriving Washington, DC neighborhood with significant upside potential. Don't miss this opportunity to capitalize on the strong demand for mixed-use properties in this desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1911
Construction BRICK
Total area 2,912 SF
Lot 0.03 ac (1,404 SF)
Zoning code MU-5A
APN 4513 0881
UPID US16-0066334
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Okoji,godswill O & Naya N · 12 yrs held
Okoji,godswill O & Naya N
since 2014
3 recorded transactions
2014
$405,000
2009
$300,000
1969
Price N/A
Zoning & alternative use
MU-5A · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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