1809 Benning RdWashington, DC 20002

Property Details for 1809 Benning Rd

Year built

1911

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

2,912 SF

Zone code

MU-5A

Property type

Retail properties

Property subtype

Retail space

APN

4513 0881

APU

45130881

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,106,247

  6.5%

  $1,021,151

  7%

  $948,211

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,225,560

  Geo Method

  $1,225,560

• Alternative Use

  Use

  Valuation

  Residential

  $861,379

  Hospitality

  $789,018

  Educational

  $656,454

  Medical

  $679,030

  Retail

  $1,021,151

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8988

Longitude

-76.9773

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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