Listed by Greysteel Company LLC Washington, D.C., Greysteel Company LLC
$745,000
1245 Marion Barry SE
Details
APN 5769-0000-0830
Property Type Mixed Use, Multifamily
Sub Type Storefront
Square Footage 2,521
Net Rentable (SqFt) 2,521
Units 3
Occupancy 75%
Tenancy Multi
Lease Type Gross
Price per SqFt $296
Year Built 1905
Year Renovated 2010
Buildings 1
Stories 2
Lot Size (SqFt) 2,392
Zoning MU-7B
Parking Spaces 4 spaces
Parking Per SqFt 1.59
Investment Type Value Add
Ownership Fee Simple
Mixed Use in Anacostia - Ace Checking w/ 5 Yr Extension | Below Market Apts | Vacant Com. Kitchen
Investment highlights
Corner lot with mixed-use building at signalized intersection on Marion Barry Avenue SE, steps from MLK Gateway and the highly anticipated 11th Street Bridge Park.
Ace Cash Express just renewed their lease with a fresh 5-year Term starting April ‘26.
Vacant second-generation commercial kitchen offers lease-up upside and is well suited for an owner-user looking to offset monthly mortgage payments using existing in-place income.
Both residential units leased well below market with ~$1,000 per unit rent upside post-renovation.
Located in an Opportunity Zone with significant tax advantages.
Listing Contacts
Listed by Greysteel Company LLC Washington, D.C., Greysteel Company LLC
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