1818-1820 BENNING RD NE, Washington, DC 20002
1818-1820 BENNING RD NE, Washington, DC 20002
1818-1820 BENNING RD NE, Washington, DC 20002
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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by SERIF SOYDAN • EXP Realty, LLC
$2,500,000
Est. payment /mo
3,910 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID DCDC2214502

Year Built 1947

Annual Tax Amount $24,885

Tax Year 2024

Lot Size 3,910 Sqft

Acres 0.09

Property Sub-Type Retail

Source BRIGHT

Property Description

Prime Investment and Development Opportunity in Washington, DC

Address: 1818-1820 Benning Rd NE, Washington, DC 20002
Lot Size: 0.09 Acres
Building Size: 3,215 Sq. Ft.
Year Built: 1947

Unlock the potential of this exceptional property located in the vibrant and rapidly developing Street, situated within an Opportunity Zone. This unique investment offers both immediate income and significant future development possibilities, making it a standout opportunity for savvy investors.

Property Overview:

1818 Benning Rd NE: Currently leased to a Liquor store occupying approximately 1,955 sq. ft. This tenant provides a stable income stream with an existing lease in place until November 30, 2026, generating an annual rent of $45,799.

1820 Benning Rd NE: Vacant and ready for immediate rental or owner-occupancy, with the potential to earn an additional $45,000 in annual rent. Alternatively, the space could be utilized for personal business operations, making this an ideal candidate for SBA financing.

Development Potential:

The property offers a rare chance to develop a multifamily mixed-use project, with the potential for 20+ residential units combined with retail space on the ground floor.

Generate income while working through the permit process, with an opportunity to maximize returns in one of DC's most desirable areas.

Location Highlights:

Proximity to H Street Corridor: Just couple blocks away from the dynamic H Street corridor, known for its vibrant atmosphere, popular conveniences like Whole Foods, and easy access to Union Station via the H Street streetcar.

Excellent Connectivity: One block from multiple Metrobus and DC Streetcar stops, with convenient access to major routes like 295 & Route 50.

Nearby Development: Surrounded by nearly 4,000 multifamily units and over 103,600 square feet of retail space, either proposed or under construction within a 1-mile radius.

Strong Demographics: Within a 2-mile radius, there are over 167,900 residents with an average household income exceeding $133,200 annually, and total consumer spending above $2.6 billion.

Retail and Cultural Amenities: Close to prominent retailers such as Aldi, Chick-fil-A, CVS, Safeway, and Starbucks, as well as cultural venues like the National Arboretum and Atlas Performing Arts Center.

Investment Advantages:

SBA Financing Potential: The vacant unit offers an opportunity for owner-occupancy, making the property eligible for SBA financing.

Opportunity Zone Benefits: Situated within an Opportunity Zone, providing potential tax benefits—consult your CPA for details.

High Visibility: Located on a highly trafficked corridor with nearly 40,000 vehicles passing by daily.

Seize this rare opportunity to invest in one of DC's hottest markets. Whether you're looking to develop a multifamily project or capitalize on existing rental income, this property offers endless possibilities.

Investment Highlights

Current Income Stream

Immediate Rental Potential

High Visibility

Mixed-Use Development Opportunity:

Income Generation During Development:

Prime Location

Excellent Transportation Links

Surrounding Development

Strong Local Demographics

Retail and Cultural Proximity

SBA Financing Eligibility

Opportunity Zone Benefits

Location

State DC

County Washington

Zoning 2-COMMERCIAL

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility Level Entry - Main

Garage N

Building

Sewer Public Septic

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4507//0935

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Graceann Tinney

Graceann Tinney

Agent RSRS344523

+1(267) 373-8244

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1818-1820 BENNING RD NE

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