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32048920
32048917

1300 Pennsylvania Avenue Southeast, Washington, DC 20003

BW
MD MD 649631
Greysteel Company LLC Washington, D.C.
Greysteel Company LLC
DO
VA 0225272193
Greysteel Company LLC Washington, D.C.
Listed by Greysteel Company LLC Washington, D.C., Greysteel Company LLC
$2,400,000
42 days on market
Updated 42 days ago

1300-1302 Pennsylvania Avenue SE

Details
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building, Convenience Store (+1)
Square Footage 4,200
Net Rentable (SqFt) 4,200
Units 5
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Pro-Forma Cap Rate 5.91%
Pro-Forma NOI $141,821
Price per SqFt $571
Year Built 1914
Year Renovated 2019
Buildings 1
Lot Size (SqFt) 1,187
Zoning MU-4
Investment Type Stabilized
Ground Lease No

Corner Retail w/ 4 Apartments Above, 100% Occupied

Marketing 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.

Listing Contacts

BW
MD MD 649631
Greysteel Company LLC Washington, D.C.
Greysteel Company LLC
DO
VA 0225272193
Greysteel Company LLC Washington, D.C.
Listed by Greysteel Company LLC Washington, D.C., Greysteel Company LLC

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Additional Information

Name
Ari Firoozabadi
License
BR98371298
Brokerage
Greysteel
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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