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Listed by Ari Firoozabadi • Greysteel Company LLC
$ 2,400,000
Est. payment /mo
Active
1302 PENNSYLVANIA AVE SE Washington, DC 20003
1,187 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Old City #1
MLS Listing ID DCDC2259496
Year Built 1914
Annual Tax Amount $19,399
Tax Year 2023
Lot Size 1,187 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
100% Occupied Mixed-Use Asset in Prime Capitol Hill Location: 4,200 SF building featuring four (4) 1BD/1BA residential units above established neighborhood retail, offering a stable blend of residential and commercial income streams.
Signalized Corner Position on Pennsylvania Avenue SE: Prominently located at the intersection of 13th Street SE and Pennsylvania Avenue SE, providing strong visibility and consistent foot and vehicle traffic along one of Capitol Hill's primary corridors.
Stable Retail Tenancy with Long-Term Commitment: Ground floor anchored by a long-standing convenience store operator with a strong operating history and willingness to execute a new long-term lease at closing, providing investors with immediate income stability.
Recently Gut Renovated (2019): The property underwent a comprehensive renovation in 2019, significantly reducing near-term capital expenditure needs and allowing new ownership to benefit from modernized building systems and finishes.
Walkable Transit-Oriented Location: Situated just 0.2 miles from the Potomac Ave Metro Station and 0.9 miles from Eastern Market Metro Station, with easy access to Eastern Market, Barracks Row, and the extensive dining, retail, and lifestyle amenities that define the Capitol Hill neighborhood.
Signalized Corner Position on Pennsylvania Avenue SE: Prominently located at the intersection of 13th Street SE and Pennsylvania Avenue SE, providing strong visibility and consistent foot and vehicle traffic along one of Capitol Hill's primary corridors.
Stable Retail Tenancy with Long-Term Commitment: Ground floor anchored by a long-standing convenience store operator with a strong operating history and willingness to execute a new long-term lease at closing, providing investors with immediate income stability.
Recently Gut Renovated (2019): The property underwent a comprehensive renovation in 2019, significantly reducing near-term capital expenditure needs and allowing new ownership to benefit from modernized building systems and finishes.
Walkable Transit-Oriented Location: Situated just 0.2 miles from the Potomac Ave Metro Station and 0.9 miles from Eastern Market Metro Station, with easy access to Eastern Market, Barracks Row, and the extensive dining, retail, and lifestyle amenities that define the Capitol Hill neighborhood.
Location
State DC
County Washington
Zoning MU-4
Interior
Hot Water Electric, Natural Gas
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Heat Source Electric, Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 1043//0122
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations